HARRISBURG, Pa. – Pennsylvania Secretary of Banking Bill Schenck intends to propose reforms to the state's anti-predatory lending law later this year, the Harrisburg Patriot-News reports. The law currently on the books took effect two years ago, but mortgage foreclosures in the state have hit record highs and consumer advocates say tougher measures are needed. According to the Mortgage Bankers Association, Pennsylvania had the sixth highest percentage of loans in foreclosure in the first quarter 2004. Its foreclosure rate was 2.08%, compared with the national average of 1.27%. Consumer advocates argue that the state's current law lacks many of the tougher provisions found in other state's new anti-predatory lending laws, such as caps on points, mandatory counseling for high-cost loan consumers, and punitive damages for violations.