Under New York law, the anti-predatory lending protections for high-cost home loans are enforced by:
Correct Answer
B) NYDFS, the New York Attorney General, and through private borrower lawsuits
New York's anti-predatory lending law is enforced through multiple channels: NYDFS regulatory actions, Attorney General consumer protection suits, and private lawsuits by affected borrowers.
Why This Is the Correct Answer
New York's anti-predatory lending law is enforced through multiple channels: NYDFS regulatory actions, Attorney General consumer protection suits, and private lawsuits by affected borrowers.
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Under the Texas SAFE Act, which regulatory body oversees entities making consumer loans secured by residential real estate under Chapter 342 of the Texas Finance Code?
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