Kent Bankruptcy Lawyers Aggressively Enforcing the Truth in Lending Act (TILA)
Making timely payments on a loan is an important step to avoid late fees and other penalties. However, that on-time payment may not be applied on the date it was received, resulting in additional monies being owed.
At the Iwama Law Firm, we have a thorough knowledge of the Truth in Lending Act (TILA). In many cases, we find violations of the TILA and pursue litigation against the violators.
If a lender violating the TILA is already making a bad financial situation even worse, you must take action. Contact us at 253-656-4851 or toll free at 888-465-0246.
Washington Bankruptcy Attorneys Strictly Enforcing the TILA
The Truth in Lending Act was enacted in 1968 to protect consumers by requiring lenders to provide clear key terms and disclose all costs in lending arrangements. It prohibits certain practices involving credit secured by your home. In addition to the "same day" rule for timely payments, the TILA provides you many rights that include the following:
- Cancellation of certain credit transactions that involve a lien on a home
- Regulating credit card practices
- Providing a means for fair and timely resolution of billing disputes
Lenders are not always forthcoming with information involving the note holder. If you ask, they are required to disclose facts, not merely give bogus answers. The decision to file bankruptcy often comes after you have endured harassment and illegal actions by creditors.
Our job is to hold them accountable beyond bankruptcy filings. Unlike many of our peers, we will litigate TILA violations if that provides the best outcome for you.
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For more information or to schedule an appointment with an experienced lawyer regarding TILA violations, please contact us.
