Does the Department help persons resolve problems connected with subprime residential mortgage lending?
Predatory lending is primarily a consumer law issue affecting all borrowers. Consumers can best seek relief under the Unfair Competition Law (UCL) by filing complaints against those businesses with the California Attorney Generals Office, which enforces the UCL. Consumers can also file complaints against residential mortgage lenders with the California Department of Corporations, which licenses and regulates the lenders. However, if residential predatory lending has occurred because of discrimination against a protected category stated in the FEHA, the DFEH has jurisdiction and should be able to assist those aggrieved borrowers.
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