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The short answer is yes. A lender must abide by all TILA requirements and other federal lending requirements. They have the responsibility to explain to you what type of loan or product you are binding yourself to. You must have knowingly and willingly entered into the loan.
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You can try to file a lawsuit against the original lender in federal court.
No. That's just standard lawyer talk that is embedded in us. We tend to speak in generalities and vagueness so as to not promise results as part of our statements.
Without seeing or knowing more about your case, I can't speak as to the merits of it and the likelihood of its success. Therefore, I use the word try.
Well the benefits may vary depending on whether the loan was fraudulent or not. You may be able to have the loan invalidated if there were violations of the TILA or any other federal regulation.
You would need an attorney for this process though.