Crackdown on Lenders

From the PD

Columbus- After meeting behind closed doors for two weeks, it took a joint legislative committee just 30 minutes into a public hearing on Wednesday to agree on sweeping new measures cracking down on deceptive mortgage loan officers.

The full House and Senate then followed suit, each overwhelmingly approving Senate Bill 185, sending it to the governor, who is expected to make it law.

Statehouse leaders promised a tough-minded bill to deal with predatory lenders, and most involved - from lawmakers, to consumer groups, to lending institutions - agree this bill does just that.