"While we cannot comment on pending litigation, we will respond to the AG in due course.

Since taking ownership of Countrywide in July, Bank of America has been involved in a detailed review of Countrywide’s operations.

Practices that established Bank of America’s positive reputation and record in home lending are an illustration of how we will operate the combined company.

We are passionate about helping customers purchase a home with the right product for them and helping customers sustain home ownership.

We are confident that our newly combined company will be recognized as a leader in responsible lending practices.

We have previously announced our commitments to responsible lending practices, meaningful community development initiatives and an industry-leading suite of products. They include:

Modifying or working out at least $40 billion in troubled mortgage loans in the next two years to keep an estimated 265,000 customers in their homes.

Beginning in 2009, Bank of America will pursue a 10-year goal to lend and invest $1.5 trillion for community development.

Bank of America stopped originating subprime mortgages in 2001 and the combined company will not re-enter this business.

The combined company will not offer negative amortization products like option ARMs and pick-a-payment loans."