Truth in Lending Act Update

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Truth in Lending Act Update

• Richard Andreano, Jr.
• Weiner Brodsky Sidman Kider PC
• Washington, DC
• andreano_at_wbsk.com

Weiner Brodsky Sidman Kider PC
2
Bankruptcy Reform Act

• Tax Deductibility Disclosure
• Minimum Payment Disclosure
• Late Fee Disclosure
• Two Advanced Notices of Proposed Rulemaking

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3
Nontraditional Mortgage Products

• Proposed December 29, 2005
• Extended comment period closed March 29, 2006
• MBA Position

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4
Nontraditional Mortgage Products

• Practice Tips
• TILA Disclosures
• ARM Disclosures
• Servicing

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5
Litigation
TILA Litigation

• Case Summaries
• Broker Disclosures Under TILA
• Vallies v. Sky Bank
• Chow v. Aegis Mortgage

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6
TILA Litigation

• Extended Rescission Period
• Jones v. Ameriquest Mortgage Company

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