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Real Estate & Property Law

: The Home Equity Theft Reporter

NH Couple Score TILA Victory; Convincing Testimony Establishes Bank Failure To Provide Rescission Rights Notice In Mortgage Refinance Transaction

By r morris

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A U.S. Bankruptcy Court in New Hampshire recently found that Wells Fargo Bank violated the Federal Truth in Lending Act (TILA") on a refinancing loan it made to Nashua couple Mary Beth Sousa and her husband, William Sousa, Jr. where it failed prove that it provided the couple with two copies of notices of their right to rescind the mortgage transaction, thereby extending the period for rescission

Full post as published by The Home Equity Theft Reporter on March 23, 2011 (boomark / email).

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