Georgia Lending Status Still in Doubt?

It remains questionable whether the revised Georgia Fair Lending Act clears up all the concerns that have caused lenders to flee the market.Adam Bass, senior executive vice president of Ameriquest Mortgage Co. and holding company Ameriquest Capital Corp., told attendees at the American Securitization Forum seminar in New York March 12 that the new legal environment for lending in Georgia is "a lot better than it was," but added that "that doesn't mean it's good enough to do business." The ASF can be found online at http://www.americansecuritization.com.