This Blog shall be about issues discovered with the Dodd-Frank Act, a law sponsored by Barney Frank and Chris Dodd and signed into law in 2010. During 2011 and 2012, regulations will be forthcoming from different agencies to implement the different parts of the Act.
Anyone is welcome to contribute to this blog with their comments on anything related to this Act.
I will start by detailing the problems with Section 1431, sub title C, High Cost Loan Provisions, which will make it so impossible for private money lenders to make loans to people that own their own homes and want to use them for collateral for a loan. It will no longer be an option.
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