Predatory lending, including: applying excessive interest rates and penalties that cause or is likely to cause substantial financial harm not reasonably avoidable by the debtor;

Misrepresenting or deceiving a debtor by making false statements, lying to a debtor or in any way using deceit in his or her attempt to collect the debt;

Making harassing phone calls;

Using deceptive documents;

Misrepresenting the amount owed;

Providing information with third parties without the express consent of the debtor”

1 what does “applying excessive interest rates and penalties that cause or is likely to cause substantial financial harm” mean? Does that mean I can charge 18% interest to a re-insurance company executive but not to a construction worker? That would be counter to good business practice. What if the borrower misrepresents his or her financial position to me?

2 “Misrepresenting or deceiving a debtor” is already illegal.

3 “Making harassing phone calls” is already illegal.

4 “Using deceptive documents” is already illegal.

5 Intentionally “Misrepresenting the amount owed” is called fraud.