Predatory Lending Task Force

Future meetings: 1st Tuesday of every month at 10 a.m. (unless otherwise noted on calendar)

Mission Statement (as of April 2003)

To develop and implement a regional program to identify and prevent predatory lending in South Central Pennsylvania, and assist victims of this lending.

Vision Statement (as of April 2003)  

South Central Pennsylvania communities and citizens are not victimized by predatory lending.

Predatory Lending (click here)
Predatory lending means imposing unfair and abusive loan terms on borrowers, often through aggressive sales tactics, taking advantage of borrowers' lack of understanding of extremely complicated transactions, and outright deception.  Predatory loans turn the dream of homeownership into a nightmare, in the worst instances ending in foreclosure.  Predatory loans are made in such concentrated volume in poor and minority neighborhoods where better loans are not readily available, and the loss of equity, and foreclosure can devastate already fragile communities.  The Assembly's Predatory Lending Task Force is working hard to stop these abuses. If you feel you have been a victim of predatory lending, please call our toll-free hotline at 1-866-551-0239.

Banking Secretary William Schenck Announces Loan Initiative

Home Foreclosure Filings Increase 186% in Central Pennsylvania

777 West Harrisburg Pike • Church Hall  • Penn State Harrisburg  • Middletown, PA 17057 • (717) 948-6464