Dodd-Frank: Title XIV - Mortgage Reform and Anti-Predatory Lending Act

{
  "id": "MLC-T-LAW-001720",
  "term": "Dodd-Frank: Title XIV - Mortgage Reform and Anti-Predatory Lending Act",
  "field": "Law",
  "definition": "The part of the Dodd-Frank Act that establishes new consumer protections and underwriting standards for residential mortgages. It requires lenders to verify a borrower's ability to repay a loan and prohibits certain predatory lending practices. This title aims to prevent a recurrence of the subprime mortgage crisis and protect homeowners from abusive lending.",
  "url": "https://mlchart.com/terminology/law/dodd-frank-title-xiv-mortgage-reform-and-anti-predatory-lending-act/"
}