The Act provides better protections to possess a borrower having defaulted on the a great predatory loan

The Act provides better protections to possess a borrower having defaulted on the a great predatory loan (a) the loan lender’s otherwise mortgage broker’s Area out-of Columbia permit matter underneath the Lenders and you may Agents Work of 1996 (“Mortgage brokers and you may Brokers Act out-of 1996”) (b) certification because of the home loan company or mortgage broker toward …