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Real Estate & Property Law

: The Home Equity Theft Reporter

FTC, 3 Loan Orignators Settle Charges Of TILA & Reg Z Violations; Deceptively Advertising "Teaser" Rates

By r morris

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The Federal Trade Commission announced: Three mortgage loan advertisers that allegedly deceptively touted low monthly payments and low rates without fully disclosing loan terms have agreed to settle Federal Trade Commission charges that their ads violated federal law.(1)According to the FTC, the ads represented that people could receive mortgage loans at the terms prominently stated in the ads.

Full post as published by The Home Equity Theft Reporter on January 09, 2009 (boomark / email).

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