..., predatory lending is against the law. In fact, there are numerous federal statutes intended to protect distressed homeowners against it. In addition, many states, including Minnesota, have their own anti-fraud protections, and many also have particular prohibitions against equity stripping.

For these federal and state protections to apply, there must be a workable definition of what tactics are prohibited. So how are "predatory lending" and "equity stripping" defined in Minnesota?

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