How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
A new question is answered every 9 seconds

Ask a Consumer Protection Lawyer

Infolawyer
Infolawyer, Lawyer
Category: General
Satisfied Customers: 5852
Experience:  Licensed attorney helping individuals and businesses.
11313492
Type Your Consumer Protection Law Question Here...
characters left:
6 Consumer Protection Lawyers are Online Now

JustAnswer in the News:

 
 
 
Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.
 
 
 

What Customers are Saying:

 
 
 
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
< Last | Next >
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
  • This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!! Alex Los Angeles, CA
  • Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult. GP Hesperia, CA
  • I couldn't be more satisfied! This is the site I will always come to when I need a second opinion. Justin Kernersville, NC
  • Just let me say that this encounter has been entirely professional and most helpful. I liked that I could ask additional questions and get answered in a very short turn around. Esther Woodstock, NY
  • Thank you so much for taking your time and knowledge to support my concerns. Not only did you answer my questions, you even took it a step further with replying with more pertinent information I needed to know. Robin Elkton, Maryland
  • He answered my question promptly and gave me accurate, detailed information. If all of your experts are half as good, you have a great thing going here. Diane Dallas, TX
 
 
 

Truth in Lending Act

What is truth in lending act?

In the United States the Truth in Lending Act or TILA is intended to help the informed use of the consumer credit, by requiring the discovery about its conditions and cost to regulate the style of the costs that is related with borrowing, this is then added up and then released. The Truth in Lending Act also provides buys the right to cancel a certain credit purchase that involves a lien on a buyers standard house, regulates the certain credit card training and then provides a way for a fair and timely ruling of the credit card billing arguments. With this being said there is a certain exception of a certain high cost mortgage loans, the Truth in Lending Act in fact does not regulate the charges that can possibly be forced for the buyers credit. Instead, this requires uniform or consistent discovery of the costs and charges so it is possible for the buyer to shop. This also forces limitations on home equity plans that have requirements from the Section 226-b and certain higher mortgages that have requirements that is listed in the Section 226-32.

What is the Truth in Lending Act statute of limitations?

According to the U.S.C 1641(e) when an individual has violated the Truth in Lending Act the limitation is for one year for legal and the actual damages begin. A Truth in Lending Act violation can happen at the end of the transaction that is between the creditor and the buyer if the transaction is made without the required discovery. A creditor can also violate the Truth in Lending Act by acting in fraud, misleading or unreliable acts that can hid the Truth in Lending Act violation that happened at the closing. Many times buyers do not realize the violation until it has already happened and the buyer has already paid a high dollar amount in charges that were forced by their creditors. The buys that then realize that the creditor has violated the Truth in Lending act can then claim a reasonable tolling of the statute of limitations. When the buyer has an unlimited right to cancel or take up other legal solutions because the violation has occurred, the statute of limitation for all of the damages the buyer has searched for then continues for three years from the date of the violation was found.

Are credit card issuers allowed to offering hardships, workout debt repayment programs to the card holders?

In case such as this, many credit card companies are allowed to offer different types of payment programs or even settle debts that are less than what is owed. Normally, debt relief is used as a form of settlements and then considered to be private contracts. These different settlements are normally believed to be an advantage for the buyer and there is no regular plan that deals with these. This is often times known as a debt settlement. If a debt repayment program was used to affect the conditions of the loan as an interest rate and payments, then the notice would then be required under the Truth in Lending Act.

Will the Truth in Lending Act protect someone who had co-signed for another person’s loan, when asked to sign the form they were informed it was to verify that they were working?

The Truth in Lending Act relates to the discovery of certain information of a loan, which can include the payment conditions, and what the costs will be for borrowing. Now, if the lender has personally not informed the borrower then in that case there would be an issue. But, from what is states, it seems as if the borrower and placed the papers in front of a third party and that third party trusted this person and signed the paperwork without reviewing the terms and conditions. The conditions alone can possibly have stated that it was a loan. The fight will not be with the loan company, in fact there is a fight with the individual who had not been completely honest about the paperwork.

When in a situation that you are unaware if the Truth in Lending Act will cover the situation you are in there are many questions that can arise, and you may feel like you are not being well informed or from the beginning you were not told that this Act can apply to you. The Experts online can provide this legal information to where you can be legally informed of your rights.

Ask a Consumer Protection Lawyer

Infolawyer
Infolawyer, Lawyer
Category: General
Satisfied Customers: 5852
Experience:  Licensed attorney helping individuals and businesses.
11313492
Type Your Consumer Protection Law Question Here...
characters left:
6 Consumer Protection Lawyers are Online Now

How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Consumer Protection Lawyers are online & ready to help you now

Ron
ASE Certified Technician
Satisfied Customers: 21620
23 years with Ford specializing in drivability and electrical and AC. Ford certs and ASE Certs
Dr. Y.
Urologist
Satisfied Customers: 18632
I am fellowship trained specializing in general urology and reconstructive urology.
John
Home Appliance Technician
Satisfied Customers: 13453
Appliance repair business owner for over 43 years.

Recent Truth in Lending Questions

  • My daughter has a judgement against her for a delinquent credit

    My daughter has a judgement against her for a delinquent credit card debt. She has to appear in court on 12/3/14. The original debt was $5400 and the judgement is for that amount plus interest (10) years. She did not know about this debt because she was enrolled in a debt release program. She thought the debt was paid. She had not received any notices and her credit report does not indicate this outstanding debt. Hers and my bank accounts have been garnished (her name in on my account). My income is social security and two small pensions. What are the chances that she will only have to pay the original debt, if any? Should she have an attorney?
  • mercedes 500SL: I purchased a 1990 Mercedes Benz 500SL coupe

    I purchased a 1990 Mercedes Benz 500SL coupe 2 years ago and have had it 'cared for' at a Mercedes dealer since then. They replaced the motor when the timing chain broke. This took well over 2 months to do. They were supposed to have fixed the motor running roughly. This took 6 weeks. During this time, the outlet tube was broken off the top of the radiator requiring a replacement tank. Over $10,000 later with the car still not running well, I eventually took it to another mechanic who fixed it properly in just over a week. He however has found 15 bolts missing from the motor including no mount holding the motor onto the car on the left hand side, many bare wires (potential fire hazard), to begin the list. Would I have any claim against the first firm for compensation for inadequate work and/or cost of the radiator, which I foolishly paid? Thank you, John

    I need a legal opinion because I now have a mechanic who can fix my car

  • I got hit by a car in nyc, filed a police accident report...

    I got hit by a car in nyc, filed a police accident report... I did not have serious but i i had a hip contusion which i payed out of pocket to a doctor for treatment...
    I never filed a claim nor applied for no fault insurance.. I recieved a Denial of Claim form from the drivers insurance company...
    I never filed a claim.. what should i do?
< Last | Next >
View More Consumer Protection Law Questions