I have gotten a lot of calls in the last few weeks from very nervous real estate agents who have asked me if stated income loans will become illegal in Nevada as of October 1, 2007 when the new Nevada Lending Law goes into effect. Others have told them that they, ... Does anybody remember GAFLA in Georgia. S&P and Moody's refused to rate loans during the initial period and most lenders left the state and never came back, even after the legislation was revised. ...
