Borrowers for whom English is not their first language (limited English proficiency, or LEP) sued their servicer for a TILA violation, stating they were never advised they had an option for civil litigation for alleged predatory lending until after the trustee’s sale.
A California district court judge determined the mere existence of a TILA violation does not support equitable tolling of TILA’s statute of limitations.
Read on for highlights of the judge’s opinion.
TO READ THE FULL STORY
Cover Story: