A number of states -- including North Carolina, Georgia, and Florida -- have adopted laws giving borrowers greater rights when their subprime loans are the result of predatory practices. AARP and the National Consumer Law Center have proposed model legislation. Still more state legislatures, including that of Tennessee, are considering proposals on this subject.

On this page we link you to some of the most significant legislative efforts in other states, actions by the Comptroller of the Currency to preempt such legislation, and analyses of both.

A Summary of Recent Legislation   prepared by the National Conference of State Legislatures

Quantifying the Economic Cost of Predatory Lending   and the Impact of North Carolina's Predatory Lending Law -- reports by the Coalition for Responsible Lending, Durham, North Carolina

The Florida Fair Lending Act

The Georgia Fair Lending Act as originally enacted in 2002 but later amended significantly by 2003 legislation

The Home Loan Protection Act,   a model state statute proposed by AARP in consultation with  the National Consumer Law Center and the Self-Help Credit Union

Statement of the Comptroller of the Currency on Preemption of State Law and Working Paper on Economic Issues in Predatory Lending by the Office of the Comptroller of the Currency

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