Standard & Poor's is giving the cold shoulder to loans that are affected by the new Georgia Fair Lending Act.Beginning Feb. 1, S&P said conforming-balance mortgage loans and manufactured housing loans governed by the Georgia law will not be allowed in S&P-rated structured finance transactions. S&P said the decision was based on the determination "that investors cannot be insulated from the potential liability resulting from violation" of the Georgia law through the credit enhancement or legal structure of the securities. The rating agency can be found online at http://www.standardandpoors.com.
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