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Judge Suspends Anti-Predatory Lending Law in Montgomery County, Maryland

An anti-predatory lending law in Montgomery County, Maryland has been suspended for at least four months by a state judge until after hearing the full case in early July.

The legislation would have been the first anti-predatory lending law in the nation to tie abusive lending with civil rights laws. A lender deemed to be in violation of the law would have faced penalties of up to $500,000.

About 40 lenders had ceased operations in Montgomery County as the law was set to be enacted.

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