TRUTH IN LENDING WILL SET YOU FREE

Did you know that an overstated or understated APR or Finance Charge on a Truth in Lending Disclosure is evidence of a crime if the Loan was closed?

Or, if the loan has not closed yet it is a reason to rescind the transaction if you do not agree with the "recalculated" values?

Your "Disclosure" will provide you all the values you need to "do the Math" and find out for yourself, and the federal oversite agencies have "administrative enforcement" powers to order restitution and recission.

And because it would be a crime to close the loan with inaccurate APR / Finance Chares it appears likely your Consumer Credit Transaction was never a "loan of money" but instead is an installment purchase of goods (Credits), and this installment purchase was like an old fashion "lay away" purchase, wherein the Credits will not be disbursed until all payments have been made, and only the would the transaction close.

Until then all payments you have made go to an escrow account, and if you were to now challenge the APR / Finance Charge values by complaint to the federal oversight agencies, the escrow will have to be returned to you if you rescind the contract.

The following links are for a couple of the manuals I use in the Video.

https://www.federalreserve.gov/boarddocs/caletters/2008/0805/08-05_attachment1.pdf