TILA, Form of Disclosures

The Truth in Lending Act (TILA) requires that consumers be given specific disclosures before the closing of certain credit transactions. Specifically, disclosures must be “clear and conspicuous(), in writing, in a form that the consumer may keep” 15 U.S.C. 1632(a); Reg Z Sec. 226.5(a)(1). The disclosures are required only for “material terms” related to the

Statute of Limitations Under TILA

Often the greatest hurdle in seeking relief under the Truth in Lending Act (TILA) is ensuring that the case is filed within the applicable statute of limitations. A statute of limitations limits the time an individual has to file an action after they have been wronged. When a violation of TILA occurs, the one year

Strategic Foreclosures

Foreclosure is a serious and legally significant process. There are many strategies to handle a foreclosure once it has begun, but as noted in this article, strategies can begin long before foreclosure begins. Wilson Law Group, PLC does not advise that you necessarily follow the advice in the article.  However, when financial issues begin to

Truth In Lending

Consumers are often misled as to their legal rights and obligations by more sophisticated parties. At Wilson Law Group, we level the playing field through application of various consumer protection statutes and regulations. This is the first post in an ongoing series briefly summarizing existing consumer protection laws. The Federal Truth in Lending Act (TILA),