Predatory Lending Pitfalls and Home Equity Loan Comparisons Described in New OCC Brochure

October 2003 -- The federal Interagency Task Force on Fair Lending has published a new brochure – Putting Your Home on the Loan Line is Risky Business -- that alerts consumers to potential borrowing pitfalls, including high-cost home loans, and provides tips for getting the best financing deal possible. A home equity loan comparison shopping chart is included with the brochure.

Consumer groups, financial institutions, agencies, and other organizations can ownload and print copies for distribution to their clients and customers. The brochure includes a space on the back panel for organizations to provide their own contact information. A Spanish-language version of the publication will be available in the future.

Single copies of the brochure are available free of charge from the Office of the Comptroller of the Currency by contacting the OCC communications office at 202- 874-4700 or any of the other member agencies of the Interagency Task Force (the Department of Housing and Urban Development, Department of Justice, Federal Deposit Insurance Corporation, Federal Housing Finance Board, Federal Reserve Board, Federal Trade Commission, National Credit Union Administration, Office of Federal Housing Enterprise Oversight, and Office of Thrift Supervision).

View brochure [PDF]

View mortgage shopping checklist [PDF]

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