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Home / Opinion Digests / No TILA Claim for Promissory Note Resale (access required)

No TILA Claim for Promissory Note Resale (access required)

A Richmond U.S. District Court dismisses plaintiffs’ Truth-in-Lending claims challenge against defendant lender and remands to state court plaintiff’s claims alleging that securitization or resale of the promissory note underlying the mortgage transaction makes plaintiffs’ obligations under the mortgage unenforceable. The TILA complaint does not state a “claim to relief” under TILA that is plausible ...

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