Prohibiting a lender from requiring or authorizing the imposition of
prepayment charges in connection with specified mortgage loans;
prohibiting lenders and credit grantors from making specified mortgage
loans without giving due regard to the borrower's ability to repay the
loans; repealing provisions of law that establish a presumption about
a borrower's ability to repay a loan; requiring a specified
representation by a mortgage broker to be contained in a finder's fee
agreement; providing for the effective dates of the Act; etc.
