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The Community Reinvestment Act is a 1977 federal law which encourages federally insured deposit-taking institutions to serve the credit needs of all segments of the population of communities where they do business. When a borrower's principal dwelling is going to secure a loan, the borrower has three business days following signing of the loan documents to rescind or cancel the transaction. These and many more lenders are a part of our loan network. Only after the above steps are complied with may the matter be presented to the assigned judge for the judge's signature and/or scheduling. Also important is to do some research on the property s location, the community s profile and proximity to important places like hospitals, schools and groceries.
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