Refinancing Does Not Bar TILA Claim Regarding Original Loan
Question: Once borrowers refinance their non purchase-money loan secured by a deed of trust against their home, are they barred from bringing claims under the Truth In Lending Act to rescind the original loan?
Answer: No, according to the court in Pacific Shore Funding v. Lozo, 06 C.D.O.S. 3502 (April 27, 2006.)
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