CFPB files amicus brief in support of Maine mortgage borrowers in TILA lawsuit
Housing Wire
JULY 14, 2023
Bordick , under the federal Truth in Lending Act (TILA) on behalf of a couple that took out a mortgage in 2008 in order to purchase land for the construction of a new home. While they sold the home in 2014, the sale proceeds were not enough to cover the debt since the home lost value during the 2008 financial crisis.
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