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Consumer Protection – Real Estate – ILSFDA – Luxury Community – 100-Lot Exemption (access required)

In this couple’s suit against defendants who allegedly misrepresented luxury amenities available in a residential community affiliated with the Ritz-Carlton Hotel, an Alexandria U.S. District Court says a “100-lot” exemption to the Interstate Land Sales Full Disclosure Act does not ...

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Consumer Protection – TILA – Rescission Notice – Payment Schedule (access required)

Rejecting the “hypertechnical” enforcement of Truth-in-Lending remedies used in some federal circuits, an Alexandria U.S. District Court dismisses a borrower’s suit seeking rescission on the grounds that the lender allegedly did not clearly state payments were due at monthly intervals ...

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