Banking
Dec. 30, 2011
9th Circuit reinstates couple's suit over loan disclosure
The U.S. 9th Circuit Court of Appeals on Thursday reinstated an immigrant couple's lawsuit that accuses Countrywide Bank of violating the Truth in Lending Act in a sharp reversal of a San Diego district judge.
Daily Journal Staff Writer
The U.S. 9th Circuit Court of Appeals on Thursday reinstated an immigrant couple's lawsuit that accuses Countrywide Bank of violating the Truth in Lending Act, a sharp reversal of a San Diego district judge.
At issue is whether Countrywide provided the borrowers with proper notice of their right to cancel a loan.
The husband and wife, who cannot read English, allege they refinanced thei...
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