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Re: Truth In Lending Act to the rescue!!!


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Posted by dixiedrifter (69.21.62.58) on January 14, 2004 at 15:55:05:

In Reply to: lol ok jamesB/claws in posted by catballou on January 14, 2004 at 15:32:35:

Look in the TILA Title 15 United States Code §1637 and §1640 for the part about monthly statements required.

Basically it says if they don't send you a statment, they cannot add fees or interest.

The penalties are actual damages and double the interest they attempted to charge.





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