Posted by kevin on August 3, 2011 under Foreclosure Blog | 
The WSJ had an article yesterday about foreclosed homes in NYC with thousands of violations. It said that tenants are living in horrible conditions. The Pres of the NY Banker’s Association said that homes were actually owned by “lenders, not banks”
What up?
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Posted by kevin on March 11, 2010 under Foreclosure Blog |
The Truth in Lending Act, known as TILA, was enacted in 1968. TILA is primarily a disclosure statute.
TILA applies to individuals or businesses that offer or extend credit under the following circumstances:
- the credit is offered or extended to a consumer (as opposed to a business)
- the offer or extension of credit is done on a regular basis
- the credit is subject to a finance charge or is payable by a written agreement in more than 4 installments; and
- the credit is primarily for personal, family or household purposes.
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