The passage of the Colonia Fair Lands Act greatly, but not completely curtailed the abuses. But the legacy of problems posed by contracts for deed persists in the form of very high interest rates on these land sales contracts. A better approach would be to work through self help center to identify individual colonia residents who are seeking financing to improve their homes who have existing contracts for deed with high interest rates. Contract for deed refinancing should be coordinated through the self help centers. These costs drive the cost of refinancing so high that they become unaffordable to colonia residents.
Loan servicing is another area that deserves reform.