Texas Bankruptcy Laws

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September 16th, 2007

Borrowers need to be wary of unlicensed mortgage brokers (The Pantagraph)

Concerned about mortgage fraud and predatory lending practices, many states have toughened their laws by requiring loan officers or originators to undergo extensive background checks and show proof of professional experience and training. Still, attracted by the lucrative mortgage business, many individuals are originating loans without being properly licensed.

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