Borrowers can file class actions to void illegal loans

Published: May 8, 2007

United States Court of Appeal, Seventh Circuit (No. 07-1326) , No. 05-C-0454-LA
Issue: Mortgage Lending
Amicus Brief, filed 08 May 2007

Download the full brief (PDF)

CRL's amicus brief in support of the plaintiff class in Andrews v. Chevy Chase Bank, FSB. CRL argues that the Truth in Lending Act allows a borrower, who was one of thousands of borrowers who received identically deficient disclosure statements for Chevy Chase Bank payment option adjustment rate mortgages, to file a class action seeking rescission of the loans before the U.S. Court of Appeals for the 7th Circuit. The district court granted certification of the plaintiff's class.