Legal Question in Consumer Law in Florida
Truth in Lending Act
I rescinded loan on 1st business day. Lender refused to honor rescission. I sued Pro Se and six months later lender released lien but filed counter suit and lis pendens. Does imposition of lis pendens and notice of equitable lien violate the TILA and should it be barred by Judicial Estoppel. Rescission under the TILA takes lender from secured to unsecured. Lenders attempt to circumvent the statutory requirements and to collect on an invalid lien surely violates some federal statute. I want to know if anyone out there knows of a similar case.
Asked on 6/06/09, 10:17 am
1 Answer from Attorneys
Charles Gallagher
Gallagher & Associates Law Firm, P.A.
Re: Truth in Lending Act
No.
Answered on 6/06/09, 12:14 pm
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