United States: Whom Should The Law Protect - The Borrower/Issuer Or Lender/Purchaser? - Allen Matkins Leck Gamble Mallory & Natsis LLP

The many California laws are intended to protect borrowers. The California Financing Law, for example, provides that it is to be liberally construed to, among other things, "protect borrowers against unfair practices by some lenders, having due regard for the interests of legitimate and scrupulous lenders".