Legal News for Credit Union Managers Since 1990

Archive for April, 2017

04
Apr
2017

Mortgage Violates Truth in Lending Act

In this case, the lender’s Truth-in-Lending (TILA) disclosure provided that the borrowers were granting a security interest in the borrowers’ real estate and in all after acquired property as additional security for future advances. The mortgage document did not, however, contain the same language and did not grant a security interest to the lender in […]

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