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Resource ID: #22274
Subject: Real Estate
Source: Dispatch (Columbus, Ohio)
Date: 2005-09-18



Ohio leads the nation in home foreclosures.Some reasons discovered in this investigation were: mortgage lending is not covered under laws that prohibit deceptive sales practices; Ohio and Virginia are the only two states whose consumer protection laws do not cover mortgage lending; appraisers do not have to be licensed; and millions in licensing fees have been diverted from enforcement of lending laws to the general fund.

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