Truth in Lending Act

The Truth in Lending Act (TILA) is a federal law that is intended to protect consumers and homebuyers from deceptive and unfair loan practices.  TILA requires disclosure of costs and terms in a loan so that consumers can be aware of what they are getting themselves into; this also allows them to shop around and obtain the best financing deal. 

Many people may not be aware that their mortgage loans violate TILA.  If your mortgage violates TILA, you may be entitled to damages whether you are in foreclosure or not.  If you are in foreclosure and we discover that your mortgage violates TILA, we may be able to stop the foreclosure process because your lender will want to settle the dispute with you.  TILA is a specialized area of law and only experienced attorneys have the requisite knowledge and negotiating and advocacy skills to successfully challenge mortgage companies.  We have experience litigating several TILA cases and are qualified to help you if you believe your mortgage terms were improperly disclosed. 

If you are having trouble facing mounting debts, if you are having difficulty making your mortgage payments and the bank is trying to foreclose on you, or if you believe your mortgage terms might violate TILA, The Law Office of James Portman Webster can help.  Contact us today for a free initial consultation so that we can answer your questions and discuss your options.