A veritable sea of mortgage defaults and the accompanying foreclosure litigation undoubtedly represents a sign of the current economic times. And, with such activity, allegations of predatory lending practices in the form of Truth in Lending Act, or TILA, violations should come as no surprise to practitioners on either side of the bar. These demands for relief, whether rescissionary or monetary in nature, at times, may never be asserted until after foreclosure litigation has already commenced.
In what many will consider a victory for lenders throughout the state, our Pennsylvania Superior Court was recently called upon to review a Chester County decision that implicated the doctrine of res judicata, as applied to TILA claims asserted subsequent to the entry of a default judgment.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
