Truth in Lending Before You Buy?
Does a loan company have to give you a truth in lending statement before you buy a house?
I just want to know if there is a law that states a loan company has to give you a truth in lending statement before you buy a house. I wasn’t given one when I bought my home in Bridgman, Michigan, and then when I signed for my loan, at a high rate of interest, I was sitting in front of the buyer’s realtor so I really felt trapped and bought anyway. I was just curious if there is such a law.
The Truth in Lending Act is a Federal law that applies to all home loan transactions. If you have not been properly given your Truth in Lending Disclosures, and have been injured, then I would recommend that you contact a lawyer in your area to help you. Good luck.
Attorney: Mark Miller
Our Michigan office is centrally located in Berrien County, enabling our lawyers to serve clients throughout "Southwest Michigan", including St. Joseph, Stevensville, Benton Harbor, Bridgman, Baroda, and the surrounding areas.
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