A Florida borrower claimed her lender violated TRID by allegedly encouraging the borrower to commit fraud by creating an LLC to complete the mortgage loan and avoid disclosure requirements.
The borrower also claimed the lender assigned the mortgage to another servicer without notifying her.
The lender argued the borrower does not have standing to bring the suit because her “sole involvement” in the transaction was as manager of the newly created LLC. Read on for details from the court.
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