Opinion in Montgomery County Predatory Lending Case:

Thanks to a helpful reader, who pointed me to the opinion in the Montgomery County Predatory Lending case that I mentioned yesterday.

The opinion and related materials are available here.

The law firm of Buckley Kolar has also posted it on their web site and will be providing follow up commentary in their Infobytes newsletter next week.

Jeremy T:
Ah, the age-old question. Should the government protect people from themselves...

My opinion is that sometimes it might be worthwhile to get a small loan at high interest rates, and I would protect the consumer's right to enter such a transaction. I don't mind, however, the government forcing "predatory" lenders to disclose their terms up front in an obvious way so that borrowers are not taken by surprise.
12.4.2006 1:35am