Indiana requires new law to stop predatory lenders - 2004-01-20
Each year, Indiana homeowners lose more than $1.3 million to predatory mortgage loans. Predatory lenders target people who may be behind on property taxes, who need to fix up their home, or who need money for medical bills.
Once they find these people, the lenders often use high-pressure sales talk, high interest rates, outrageous fees, and repayment terms that the person can’t afford.
Read the full story at Ireland Business World 
