Sentences with phrase «borrower commits fraud»
Of course, if a borrower commits fraud in obtaining the mortgage, the creditor will not be held liable.
https://www.law.cornell.edu/ Not exact matches
Under a borrower defense to repayment, you may be eligible for loan forgiveness (a discharge) of the federal Direct Loans you took out to attend a school if that school committed fraud by doing something or failing to do something, or otherwise violated applicable state law related to your loans or the educational services you paid for.
The seal also indicates that the enterprise should be compliant with federal law and committed to protecting borrowers from fraud.
On the mortgage origination side the Corporate Whistle Blower Center is looking for major bank, mortgage banker, home builder mortgage managers, or insiders, who can prove their bank, or mortgage lender employer was committing appraisal fraud, as well as gouging borrowers on fees, or not complying with specific rules that govern Fannie, Freddie, FHA, or VA mortgages.
Under a borrower defense to repayment claim, you may be eligible for loan forgiveness (a discharge) of the federal Direct Loans you took out to attend a school if that school committed fraud by doing something or failing to do something, or otherwise violated applicable state law related to your loans or the educational services you paid for.
Recent events likely resulted in an increase in mortgage fraud as higher housing prices tempted borrowers to commit fraud for property in order to qualify for a mortgage loan.
While having long - term implications for the financial health of borrowers, a present concern for consumer advocates is that it is unclear what will happen to the CFPB's ongoing lawsuit against the large student loan servicer, Navient, who was sued under the previous CFPB directorship over findings it committed widespread fraud and abuse against student loan borrowers.
You may be eligible for a borrower defense to repayment discharge of the federal Direct Loans you took out to attend a school if that school committed fraud by doing something or failing to do something, misrepresented its services, or otherwise violated applicable state law related to your loans or the educational services you paid for.
While I can understand the argument that if the borrower wanted to commit fraud all it needs to do is request a duplicate title, I like for them to have to do an extra step if they decide to not play by the rules.