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Tag Archives: TILA

Borrower can’t rescind mortgage

A borrower could not rescind his mortgage under federal consumer protection law based on a $668 overcharge for title insurance, the 3rd Circuit has ruled in affirming judgment.The plaintiff’s mortgage lender violated the Truth in Lending Act by overcharging him ...

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Rate hike didn’t violate TILA

A bank can apply penalty interest rates to the entire billing cycle in which a consumer’s default occurs – this didn’t violate the Truth in Lending Act, the 7th Circuit has ruled.

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TILA applies to interest rate increases

Notice requirements in the Truth in Lending Act and Regulation Z apply to discretionary interest rate increases that occur because of consumer default, the 9th Circuit has ruled in reversing dismissal of the plaintiff’s suit.

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