borrower protections

Borrower protections are rules that help ensure loan borrowers are treated fairly and not subject to unfair practices. They include clear information about loan terms, such as interest rates and fees, so borrowers understand what they’re agreeing to. Protections also limit unjust foreclosure or collection methods and ensure lenders follow laws that prevent discrimination. These rules aim to create transparency, fairness, and stability in borrowing, reducing the risk of borrowers being misled or harmed by predatory practices. Essentially, they help borrowers make informed decisions and provide safeguards throughout the lending process.