1681m: Adverse Action: Murray v. GMAC Mortgage

David A. Szwak

1681m: Adverse Action: Murray v. GMAC Mortgage

Postby David A. Szwak » Thu Jan 19, 2006 4:44 pm

"A recent amendment to the Act abolishes private remedies for violations of the clear-disclosure requirement, which in the future will be enforced administratively, but that change does not apply to offers made before its effective date and thus does not affect this litigation. See 117 Stat.1952, adding 15 U.S.C. § 1681m(h)(8)."

Murray v. GMAC Mortgage Corp., No. 05-8035 (7th Cir. January 17, 2006), slip op. at 2, 2006 WL 90081, *1.

http://caselaw.lp.findlaw.com/data2/circs/7th/058035p.pdf

This is a complicated issue and this is likely not going to be the final word from the appellate courts on this issue.

Return to “Adverse Action Notice Rules: 15 U.S.C. 1681m and ECOA”

Who is online

Users browsing this forum: No registered users and 1 guest