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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: patron_anejo_por_favor who wrote (90762)9/27/2007 6:14:50 PM
From: nextrade!Read Replies (1) | Respond to of 306849
 
in Nevada, soon?

Nevada Assembly Bill No. 440 (AB 440) is effective for loans closing on or after October 1, 2007. Among other things, AB 440 amends the Unfair Lending Practices Act by making it an unfair lending practice for a lender to make a residential mortgage loan without determining, using any commercially reasonable means or mechanism, that the borrower has the ability to repay.