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Home / Opinion Digests / Creditor’s Rights – Bank Holding Company Act – TILA – Equity Line – Subordination Policy (access required)

Creditor’s Rights – Bank Holding Company Act – TILA – Equity Line – Subordination Policy (access required)

A couple who wanted to refinance their primary mortgage can sue their home equity-line lender under the Bank Holding Company Act for its alleged blanket policy of refusing to subordinate its loan to a new loan from another lender; an Alexandria U.S. District Court says whether this is an “unusual banking practice” is an open ...