Unlawful Lending Practices – Protecting Borrowers’ Rights

Law for Georgia, LLC

At Law for Georgia, LLC, we stand up for consumers who have been harmed by unlawful lending practices. Lenders must operate transparently and fairly under federal and state laws. When they fail to do so, we help borrowers fight back.

Understanding Unlawful Lending Practices

Unlawful lending practices occur when lenders violate state or federal laws that protect borrowers. These violations can involve unfair loan terms, hidden fees, unauthorized charges, or discriminatory lending practices. Such actions can lead to financial hardship, damaged credit, and even foreclosure.

Key Laws Protecting Borrowers

Truth in Lending Act (TILA)

Requires clear disclosure of loan terms, interest rates, fees, and total repayment amounts.
Protects your right to cancel certain loans within a “cooling-off” period.

Credit Card Accountability Responsibility and Disclosure Act (CARD Act)

Regulates credit card practices, including interest rate changes, late fees, and billing practices.
Requires clear disclosure of terms and fair billing methods.

Georgia Fair Business Practices Act (FBPA)

Prohibits deceptive practices in consumer transactions, including lending and credit services.

Real Estate Settlement Procedures Act (RESPA)

Ensures transparency in real estate transactions, including mortgage loans.
Prohibits kickbacks and referral fees that inflate settlement costs.

Equal Credit Opportunity Act (ECOA)

Prohibits discrimination in lending based on race, color, religion, national origin, sex, marital status, age, or income source.
Requires lenders to provide reasons for credit denial.

Electronic Funds Transfer Act (EFTA)

Protects consumers from unauthorized electronic transfers and billing errors.
Requires clear disclosure of electronic transaction terms and rights.

Common Types of Unlawful Lending Practices

Predatory Lending

• Charging excessive interest rates or fees.
• Requiring unnecessary or inflated add-on products.
• Targeting vulnerable consumers.

Unauthorized Fees and Charges

Imposing fees not disclosed in loan agreements.
Charging for services not provided.

Hidden Terms or Misrepresentation

Concealing key loan terms or conditions.
Misrepresenting loan benefits or repayment obligations.

Discrimination in Lending

Denying credit or changing terms based on race, gender, age, or other protected characteristics.

Improper Loan Servicing

Failing to apply payments correctly.
Refusing to provide loan payoff information.

How Law for Georgia, LLC Can Help

If you believe you have been a victim of unlawful lending practices, we are here to help:

Investigation and Review: We review loan documents, payment records, and communication with lenders to identify violations.

Dispute and Correction: We help you challenge unlawful loan terms and demand corrections.

Litigation: We file lawsuits against lenders, mortgage companies, or loan servicers who violate borrower rights.

Negotiation: We pursue settlements, loan modifications, or debt relief as appropriate.

Protect Your Rights Under Federal and Georgia Law

Federal laws like TILA, CARD Act, ECOA, RESPA, and EFTA, along with Georgia’s Fair Business Practices Act, provide powerful protections for borrowers. If you are facing unlawful lending practices, you have the right to take action.

Contact Law for Georgia, LLC Today

With over 35 years of combined legal experience, Law for Georgia, LLC is ready to fight for borrowers who have been mistreated by lenders. If you have been harmed by deceptive loan terms, unauthorized charges, or discriminatory lending, contact us for a confidential consultation.

Contact Law for Georgia, LLC