Regulating predatory lending practices; providing for certain additional requirements for residential mortgage originators and servicers to discourage predatory lending including determining reasonable ability to pay; prohibiting the practice of churning; prohibiting a loan resulting in negative amortization; prohibiting lenders from arranging residential mortgage loans with a portion of the proceeds put toward a special mortgage; requiring lenders to inform borrowers of additional money due for taxes and insurance; requiring mortgage originators to act in good faith; specifying criminal penalties for grossly unsuitable loans; providing additional penalties to lenders attempting to take advantage of elderly and disabled persons; providing for a private right of action
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