Greenpoint Mortgage Funding, Inc. v. Bach
(Court Of Appeal Of The State Of California, Second Appellate District, Division Four)
This update was provided by Howard Lax of Lipson, Neilson, Cole, Seltzer & Garin, P.C.
Truth in Lending (TILA)
Santos/Rojas vs. Doral Mortgage Corporation,
(United States Court of Appeals for the First Circuit)
Jesinoski et ux. v. Countrywide Home Loans, Inc., et al.
Supreme Court of the United States
In this case, argued before the Court on November 4, 2014, and decided January 13, 2015, the Court reversed and remanded the decision of the Eighth Circuit Court of Appeals.
Weintraub v. Quicken Loans, Incorporated
(United States District Court for the Eastern District of Virginia)
In this case, the U.S. District Court upheld that for a loan to be rescinded, it must first be consummated.
Cunningham vs. Nationscredit Financial Services Corporation D/B/A Equicredit Corporation Of Illinois, Loan Center, Incorporated
(United States Court of Appeals for the Seventh Circuit)
Hamm/Jones vs. Ameriquest Mortgage Securities et al
(United States Court of Appeals for the Seventh Circuit)
Mitchell vs. Beneficial Loan & Thrift Company,
(United States Court of Appeals for the Eight Circuit)
Barrett vs. JP Morgan Chase Bank, N.A.,
(United States Court of Appeals for the Sixth Circuit)
Gibson vs. LTD, Incorporated
There is confusion over when consummation of a loan occurs. If a loan is not funded or, in the case of a dealer contract, sold to a lender and subsequently funded, was it ever a consumer loan?
Vallies v. Sky Bank
Vallies purchased a truck from Phil Fitts Ford. The dealership arranged financing for Vallies through Sky Bank. Guaranteed Auto Protection (GAP) insurance was purchased and financed in the transaction.