Georgia Senate Majority Leader Mitch Seabaugh has invited Dr. Vincent Terry, president of the National Minority Mortgage Bankers Association, to attend a meeting Dec. 5 with other mortgage industry participants to discuss the Georgia Fair Lending Act.The NMMBA has filed a lawsuit in the state supreme court against Georgia's Department of Banking and Finance and its commissioner, David. G. Sorrell, in an effort to overturn the legislation. The trade group is lobbying its members to file affidavits with the court showing that minority borrowers are being denied credit under the new state law in cases where credit would not have been denied before. The organization's website address is http://www.nmmbainc.org.
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