Some typical TILA violations that a borrower may assert include:
- Failure to send interest rate and payment change notices
- Failure to promptly credit mortgage payments
- Failure to provide a timely payoff statement upon request
- Failure to send periodic mortgage statements
Borrowers whose rights have been violated under TILA, may be able to recover actual damages, plus up to twice the finance charge (up to $4,000), plus attorney’s fees.
Contact attorney Joseph M. Adams to learn more.