Hidden fees and teaser rates can turn a simple loan into a financial nightmare. The Truth in Lending Act (TILA) forces lenders to disclose key terms in plain language.
Material violations—like misstating the APR or payment schedule—give you the right to rescind certain loans within three years or demand statutory damages on others.
In mortgage rescissions, borrowers tender the principal and void the lien, often leading to favorable settlements when lenders prefer payment plans over complex litigation.
For credit cards, TILA and Regulation Z require clear disclosures of penalty APRs and late‑fee triggers. Failure can void those charges and reduce balances.
Spotting violations isn’t easy. Georgiou Law audits closing documents, periodic statements, and advertising materials to uncover discrepancies.
Combining TILA claims with state deceptive‑practice statutes amplifies leverage, frequently resulting in reduced payoffs or total loan forgiveness.
Legal Disclaimer: Information is educational; not legal advice.
⏰ You signed the papers—now hold lenders to theirs. Consult Georgiou Law at (917) 764‑3072 before the three‑year TILA window closes.
