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Kentucky

: LawReader

Foreclosure bill passes House, 87-0

By Stan

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Legislation aimed at improving the state’s mortgage fraud and lending laws to address Kentucky’s rising number of foreclosures has passed the House.    House Bill 552, sponsored by Rep. Tommy Thompson, D-Owensboro, includes several enforcement and consumer protection provisions, including a reduction in possible prepayment penalties, a prohibition on interest-only high cost loans, stronger penalties for mortgage [...]

Full post as published by LawReader on March 02, 2008 (boomark / email).

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