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Fighting Predatory Lending in Washington:   State Law Theories Eric Dunn Northwest Justice Project Seattle University School of Law March 18-19, 2008
Predatory Lending: ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Find the Manifest Unfairness ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Wash. Consumer Protection Act, RCW 19.86 ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
What makes a loan “predatory”? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Who is responsible? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Usual Suspects ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
New SB 6381 (Mortgage Brokers) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Some Classic Predatory Tactics ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Classic Predatory Tactics (cntd.)
Marley’s Refinance Loan (1) ,[object Object]
[object Object],Marley’s Refinance Loan (2)
[object Object],Marley’s Refinance Loan (3)
[object Object],Marley’s Refinance Loan (4)
[object Object],Marley’s Refinance Loan (5)

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Fighting Predatory Lending In Wash

  • 1. Fighting Predatory Lending in Washington: State Law Theories Eric Dunn Northwest Justice Project Seattle University School of Law March 18-19, 2008
  • 2.
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  • 4.
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Editor's Notes

  1. Per se CPA violations enforceable under RCW 19.86.090
  2. Brazier – relied on (i) borrowers signed documents denying that broker was agent and (ii) court found no law requiring broker to get best deal for borrowers (i.e., would not have been a breach if duty existed)
  3. Single-premium credit insurance used to be the big issue
  4. What stands out – making Marley a possible target?