Merriam-Webster Online Dictionary
Main Entry: 2red·line
Pronunciation: ‘red-“lIn, -‘lIn
Function: verb
intransitive senses : to withhold home-loan funds or insurance from neighborhoods considered poor economic risks
transitive senses : to discriminate against in housing or insurane
GET THE HINT! NO MONEY, NO CREDIT, NO INSURANCE – ACCEPT, REJECT, OR MODIFY A RISK BASED ON LOSS HISTORY AND CONVICTIONS!
Impose civil and criminal fines / punishment on those companies who redline!
This legislation is merely another example of the intrusion of the banking business into the insurance field. We are now following banking rules for an institution that has served the public very well for over 100 years and we will rue the day we adopted these rules. Aren’t we smart enough to make our own rules to serve our purposes?
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Merriam-Webster Online Dictionary
Main Entry: 2red·line
Pronunciation: ‘red-“lIn, -‘lIn
Function: verb
intransitive senses : to withhold home-loan funds or insurance from neighborhoods considered poor economic risks
transitive senses : to discriminate against in housing or insurane
GET THE HINT! NO MONEY, NO CREDIT, NO INSURANCE – ACCEPT, REJECT, OR MODIFY A RISK BASED ON LOSS HISTORY AND CONVICTIONS!
Impose civil and criminal fines / punishment on those companies who redline!
This legislation is merely another example of the intrusion of the banking business into the insurance field. We are now following banking rules for an institution that has served the public very well for over 100 years and we will rue the day we adopted these rules. Aren’t we smart enough to make our own rules to serve our purposes?