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Negative Amortization Loans to be banned in California
Posted On 10/13/2009 05:17:28 by SacramentoGrapevine
California Gov. Arnold Schwarzenegger this week signed California Assembly Bill 260, which will have far reaching effects on banks in the future.
California Assembly Bill 260 provides a ban on negative amortization loans in California.  California Assembly Bill 260 takes effect January 1, 2010. 
http://www.sacbee.com/topstories/story/2249150.html... Read More

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