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Home / Opinion Digests / Consumer Protection – TILA – Nonrefundable Fee – Document Contradiction (access required)

Consumer Protection – TILA – Nonrefundable Fee – Document Contradiction (access required)

A homeowner facing foreclosure has alleged a TILA violation arising from the “clear contradiction” between the statement in the “Notice of Right to Cancel” that she can get her money back upon timely cancellation of the 2007 loan, and the statement in the “Application Fee Disclosure” that her application fee is nonrefundable; the Richmond U.S. ...

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