Question
A lender has been fined, its licence has been suspended, and it is subject to an order by the regulator prohibiting further violations. What may
A lender has been fined, its licence has been suspended, and it is subject to an order by the regulator prohibiting further violations. What may the complainant seek as additional remedies in these circumstances?
protection of the personal information the borrower was required to provide
time to shop for better terms and less restrictive lending conditions
a prohibition against misleading statements in ensuing credit reports
loan terms adjusted by a court and a claim for damages
count.
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Authors: Susan S. Hamlen, Ronald J. Huefner, James A. Largay III
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