
By: Sen. Bill Hamrick
ATLANTA (Feb. 9, 2009) – Last week, I introduced Senate Bill 57, which reforms the Georgia Fair Lending Act (GFLA). As Georgia continues to set record foreclosures, I am reaching out to homeowners, renters and lenders to make a positive difference. Georgia needs to protect its homeowners and tenants in the event of foreclosures. It also needs to prevent unscrupulous mortgage brokers from encouraging their clients to take on loans with higher interest rates than they really qualify for.