Sentences with phrase «suit against the borrower»

When a borrower is in default the loan becomes due in full immediately and the lender may pursue more aggressive collection techniques, such as sending the account to a collection agency or filing suit against the borrower.

Lenders aren't allowed to initiate criminal action in Texas, but there have been cases of lenders filing these suits against borrowers.

Not exact matches

A borrower aggrieved by any violation of this section shall be entitled to bring a civil suit for damages, including reasonable attorney's fees, against the Lender.

Four borrowers and the American Bar Association have filed a suit in United States District Court in Washington against the department.

In Bloom v. Martin, several borrowers (Borrowers) brought a class action suit against mortgage lenders alleging violations of the Real Estate Settlement Procedures Act of 1974borrowers (Borrowers) brought a class action suit against mortgage lenders alleging violations of the Real Estate Settlement Procedures Act of 1974Borrowers) brought a class action suit against mortgage lenders alleging violations of the Real Estate Settlement Procedures Act of 1974 (RESPA).