RL34259
A Predatory Lending Primer
November 26, 2008
Download Locations
Summary
This report provides an overview of these 11 common aspects of predatory lending legislation, starting with a general description of the practice followed by how each is addressed in HOEPA and its regulatory counterpart, Subpart E of Regulation Z (Reg Z). The Federal Reserve issued new regulations in July 2008 that may affect HOEPA loans, but the effective date for most of those changes is not until October 2009.
