Which law addresses issues specifically in the subprime lending market?

The Home Ownership and Equity Protection Act specifically addresses issues in the subprime lending market by establishing provisions aimed at protecting consumers from predatory lending practices commonly associated with high-cost or subprime loans. This law was enacted to ensure that borrowers are provided with clear and accurate information about the terms of their loans, including fees and the total costs associated with borrowing, which are crucial in the subprime lending landscape where borrowers often have poorer credit history and face higher interest rates.

This law includes measures such as requiring additional disclosures and allowing borrowers certain rights to rescind loans. The aim is to help consumers make informed decisions and to mitigate the risks associated with high-cost loans, which can lead to foreclosure and financial distress. Therefore, it directly targets the challenges faced by borrowers in the subprime market.

Other laws listed serve different purposes in the broader context of consumer protection and lending practices but do not specifically target the subprime lending sector in the same manner.