You may have claims if Sterling Jewelers (Kay Jewelers or Jared Galeria) enrolled you for a credit card or credit product without consent.
Truth in Lending Act
The Truth in Lending Act (TILA) is a federal law that regulates consumer loans. It was passed to ensure consumers understand the cost of their loan. It also provides special protections for mortgages, credit cards, and other types of credit.
When companies violate TILA, they are liable for various types of damages.
If you think your rights under TILA were violated, contact us for help. To get a free case review from our consumer loan attorney, complete our contact form.
What loan disclosures does TILA require?
The main purpose of the TILA is to help consumers understand the cost of financing. To do this, TILA requires cost disclosures when applying for a loan. The most important disclosures include:
What protections does TILA provide for mortgages?
In addition to requiring cost disclosures, TILA provides substantive protections for mortgage loans. Here are some of them:
What protections does TILA provide for credit cards?
In addition to requiring cost disclosures, TILA provides substantive protections for credit cards. Here are some of them:
What happens when companies violate TILA?
When companies violate TILA, they may be liable for actual damages and statutory damages. Actual damages provide compensation for monetary loss, anxiety, and stress caused by TILA violations. Statutory damages are award in various amounts depending on the violation at issue and the type of credit account you have.
Visit our consumer loan page to see if we can help.
Hire us to help!
If you’re having problems with a mortgage, credit card, personal loan, auto loan, or some other consumer loan, contact us for help. To get a free case review from our consumer loan attorney, complete our contact form.