Yield Spread Premium Still Irrelevant For Purposes Of Predatory Lending Law
In our Newsflash dated December 28, 2004, we reported that the Fourth District Court of Appeal had held that the "yield spread premium" a lender pays to a loan broker should not be included in the calculation of "points and fees payable by a borrower" under California's predatory lending law. After granting a rehearing, the court reaffirmed its opinion. Wolsky v. Fremont Investment & Loan, 05 C.D.O.S. 1933 (March 4, 2005).
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