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.