A recently enacted Arkansas predatory lending measure will not keep Fitch Ratings from rating structured finance transactions containing loans from the state, Fitch has announced.According to the rating agency, the Arkansas Home Loan Protection Act does not contain a provision creating unlimited assignee liability. As a result, Fitch will continue to rate residential mortgage-backed securities transactions that include home loans, including high-cost home loans, from that state. The statute, which was signed into law April 14, goes into effect July 16. Fitch can be found online at http://www.fitchratings.com.
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