Predatory Mortgage Lending
Learn about the definition for this legal term.
What is Predatory Mortgage Lending?
The actions of unscrupulous lenders who seek out persons to be mortgagors who are financially unable to afford the excessive interest rates charged and who often then end up defaulting on the unconscionable repayment terms.
Further Reading
For more detailed information, see our related Security Transactions And Mortgages terms:
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