Standard & Poor has decided to rate structured finance transactions that include North Carolina loans governed by the state's anti-predatory-lending law.High-cost home loans and consumer home loans will be rated in accordance with specific criteria a lender must follow. Among the criteria that define a high-cost loan under the Usury Law are that it exceeds the law's thresholds for annual percentage rates, points and fees, or prepayment fees. Previously, S&P had not issued statements regarding anti-predatory-lending statutes, but the rating agency said it decided to do so in this case because it had received numerous inquiries on the North Carolina law. For lenders who choose to make loans covered by the law, failing to comply with its guidelines could result in liability for the originator. S&P can be found on the Web at http://www.standardandpoors.com.

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