2E Regulating predatory lending practices; defining "fully indexed rate;" providing certain additional requirements for residential mortgage originators and servicers to discourage predatory lending including determining reasonable ability to pay; prohibiting the practice of churning; requiring lenders to inform borrowers of additional money due for taxes and insurance; modifying the definition of lender fee; implementing certain requirements for residential mortgage brokers relating to the relationship with borrowers; applying the duty of agency between a mortgage broker and a borrower under certain conditions
(me)