Judge: Lender Violated Lending Law By Failing To Reimburse Settlement Costs

BALTIMORE - A federal judge in Maryland on Jan. 10 awarded partial summary judgment to a man who rescinded a home equity line of credit he obtained from Capital One Bank N.A., finding that the lender violated the Truth in Lending Act (TILA) by not reimbursing him for the settlement costs, finance charges and interest he paid (Carter Puryear v. Capital One Bank N.A., No. RDB-12-3222, D. Md.; 2014 U.S. Dist. LEXIS 2893).

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