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Home / Opinion Digests / Consumer Protection – TILA – Mortgage Transaction (access required)

Consumer Protection – TILA – Mortgage Transaction (access required)

A builder’s note for construction of a new home is not rescindable under the Truth in Lending Act because the home in question was not the builder’s principal dwelling and because the home, in which the builder’s son took a one-half interest, became the principal residence of the son and a third party. TILA affords consumers ...

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