Lakeview Loan Servicing, LLC v. Pendleton

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Illinois Appellate Court
Civil Court
Truth in Lending Act
Citation
Case Number: 
2015 IL App (1st) 143114
Decision Date: 
Thursday, December 24, 2015
District: 
1st Dist.
Division/County: 
Cook Co., 4th Div.
Holding: 
Vacated and remanded.
Justice: 
ELLIS

(Court opinion corrected 1/7/16.) A person who provides a traditional home-equity mortgage on her home as security for a loan, even though she is not a party to the loan itself, is entitled to a notice of a right to rescind the mortgage under the federal Truth in Lending Act (TILA). (McBRIDE and COBBS, concurring.)