Quantcast
Don't Miss
Home / Opinion Digests / Consumer Protection – TILA – Equitable Mortgage

Consumer Protection – TILA – Equitable Mortgage

Homeowners’ sale of their Norfolk home to an investor, who allowed them to stay in the property with monthly payments and gave them an option to buy the home back within 13 months, did not create an “equitable mortgage” that required the lenders to comply with TILA or the Virginia Mortgage Lender & Broker Act, the 4th Circuit says.
Johnson v. Washington (USCA) (VLW 009-2-045) (12 pp.)

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

 

Scroll To Top