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SF 2881 Senate Long Description

3E Increasing the contract for deed threshold for financial institution lending authority; allowing lender use of United States departments of veterans affairs and housing and urban development criteria on refinancing or streamlining loans or criteria authorized or promulgated by the federal national mortgage association or the federal home loan mortgage corporation for mortgage loan borrower repayment ability determination; extending remedies and penalties in cases of borrowers injured by mortgage brokers violation of standards
(Ch. 276, 2008)