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Home / Opinion Digests / No TILA Claim for Appraisal Fee (access required)

No TILA Claim for Appraisal Fee (access required)

A Charlottesville U.S. District Court grants summary judgment to defendant mortgage company in this homeowners’ suit alleging the lender violated the Truth in Lending Act by requiring the borrowers to pay a non-refundable $350 appraisal fee as part of their loan application, which allegedly was inconsistent with the TILA’s provision for no-cost rescission; and by ...