Posted by Bruce Lawson on July 12, 2002 at 11:22:02:
Hi Dave,
The Truth in Lending Act(Regulation Z)requires lenders to disclose all charges for the transaction, therefore if the interest rates are at the closing table with all the other charges there should be no problems with any regulation Z threats.
Anyone had any success getting lenders to discount the balance owed or the interest rate based on regulation Z threats? If so, what did you say to them exactly to “motivate” them?