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The DC Office of Human Rights (OHR) hosts a free homebuyers seminar on November 4, 2006. [Please note: the Sept 26 event was postponed to this date.] Experts will tell you how to avoid a predatory loan when purchasing a home and what to do if you suspect you have received a predatory loan. Space is limited, so please register at (202) 645-5630.
A predatory loan is an unsuitable loan designed to exploit vulnerable and unsophisticated borrowers. A predatory loan may have one or more of the following features:
- Charges more in interest and fees than is required to cover the added risk of lending to borrowers with credit imperfections
- Contains abusive terms and conditions that trap borrowers and lead to increased indebtedness
- Does not take into account the borrower’s ability to repay the loan successfully
- Often violates fair lending laws by targeting women, minorities, and communities of color
Select the link below to view the seminar brochure:
| Who |
Potential Home Buyers
Experts on Loans
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| What |
Free Homebuyers Seminar
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| When |
November 4, 2006 from 10:00 am - 2:00 pm
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| Where |
441 4th Street, NW, Suite 570N
Washington, DC 20001
RSVP by October 27: (202) 645-5630 | |
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