Borrower Protection

Borrower protection refers to laws and practices designed to safeguard individuals who take out loans or mortgages. These protections ensure that borrowers are treated fairly, receive clear information about their loans, and have rights to appeal against unfair practices. Key aspects include limits on interest rates, requirements for transparent terms, and measures to prevent discrimination. Borrower protection aims to promote responsible lending and help individuals avoid predatory practices, ensuring they can make informed decisions and manage their debts without excessive financial risk.