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The name of the act that was an acted with the intent to protect the borrowers of subprime loans "loans with higher than market interest rates quote from predatory lending practices is what?

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User Lusk
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1 Answer

5 votes

Final answer:

The act that was enacted to protect borrowers of subprime loans is the Mortgage Reform and Anti-Predatory Lending Act.

Step-by-step explanation:

The act that was enacted to protect the borrowers of subprime loans from predatory lending practices is the Mortgage Reform and Anti-Predatory Lending Act. This act was passed in 2007 and aimed to regulate the lending practices of mortgage lenders and provide greater transparency to borrowers. It included provisions such as requiring lenders to assess a borrower's ability to repay the loan, prohibiting certain predatory lending practices, and imposing penalties for violations.

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User Ccyrille
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