Legal Question in Credit and Debt Law in North Carolina

a loan company financed a home to 3 people and on the truth in lending statement a fixed monthly rate was stated. that loan company sold the loan to another company, which immediately increased the monthly payments, and excluded 1 of the persons on the loan. Is this legal and what can be done to the company that bought the loan for the excluded member of the contract.


Asked on 8/13/10, 2:12 pm

1 Answer from Attorneys
Jeff Rosner Rosner Law Firm P.A.

You need to take the loan paperwork to an attorney to review. Lender can't change the terms of your loan but a review of your paperwork would have to be done to comment on this.

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Answered on 8/19/10, 5:29 am


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