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TrackBack — Thu, 16 Jul 2009 15:21:17 GMT

re: Rigged Home Values? – KB Home Lawsuits Expand

Anonymous — Tue, 14 Jul 2009 14:37:38 GMT

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re: Rigged Home Values? – KB Home Lawsuits Expand

Tim — Fri, 03 Jul 2009 16:50:30 GMT

In Nevada it is unlawful to loan money with out using commercially acceptable means to ensure borrower can repay the loan. The statue is: NRS 598D.100 Unfair lending practices.

1. It is an unfair lending practice for a lender to:

(a) …

(b) Knowingly or intentionally make a home loan, other than a reverse mortgage, to a borrower, including, without limitation, a low-document home loan, no-document home loan or stated-document home loan, without determining, using any commercially reasonable means or mechanism, that the borrower has the ability to repay the home loan.