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Record #:
4515
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Abstract:
Predatory lending, or loaning money for home loans based on unethical lending standards, has gotten some North Carolina citizens deeply in debt. An example is 89-year-old Dezell Wiley, whose home was debt-free, but now finds herself $70,000 in debt. In 1999, the General Assembly passed a law which is considered one of the most aggressive in the country in regulating this unethical practice.
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