|
Mortgage Crisis: What the Truth in Lending Act Can Do for Borrowers (Audio CD Package) |
 |
|
|
|
|
|
|
Predatory lending has been a problem in the subprime arena for years. With the advent of the Option ARM and other non-conventional home loan products, now even A-paper borrowers are finding themselves with serious loan problems.
The federal Truth in Lending Act (TILA) is a strict liability statute that, when materially violated, may allow homeowners to rescind their mortgages. Under a TILA rescission, the lender loses all right to charge interest on the loan as well as their rights to charge any and all fees associated with the mortgage, including prepayment fees.
In this program, our expert faculty analyze TILA and discuss the best ways to use it to assist your clients. After listening to this program and reviewing the accompanying course materials, you will be able to:
- explain how TILA can help your clients
- identify which loans are covered by TILA
- recognize if and when TILA has been violated
- list the necessary steps to rescind a loan under TILA
- construct strategies to overcome common defenses
This package contains 2 audio CDs and printed course materials.
|
|
|
|
|
|
