Consumer Laws

For advice on consumer law, you can contact Scott C. Borison at the firm. He has obtained results for his clients including removing and eliminating second mortgages.

Consumer law is an area that the firm has been lead into after seeing the abuses that occur by lenders and others. The focus of the firm is on violations of federal law such as the Truth in Lending Act which sets forth a number of required disclosures that many lenders simply ignore. The reason they ignore them is that they are confident that an unsophisticated consumer will never discover what they did wrong. If you have completed any of the following transactions within the last three years, there may be issues to be addressed:

  • Home refinance
  • Home "equity" loan
  • Second mortgage
  • Purchase of an automobile with an extended warranty
  • Repossession or foreclosure
  • Been sued by anyone you owe in a state other than where you live or where you entered into the contract
  • Harrassed by a collection agency
  • Been subject to “forced place”* insurance

*This is expensive insurance that a lender may buy for you!

All of these transactions involve the Truth in Lending Act, Fair Debt Collection Practice Act or the Homeowners Equity Protection Act . Many people are lured in by claims of "no cost" refinances -- but think about it. Why would they do it? They do it because they are making money. When they say "no cost" all they mean is that they are not asking you to come up with cash. Instead, they take the money out of your new loan. Your principal balance goes up and your loan starts over -- you now are thirty years from payoff. When you hear something that sounds too good to be true -- it most likely is not true! In addition to federal laws, each state has its own consumer protection laws. These areas are complex. Their complexity adds to the Lenders' confidence that no one will raise these matters. Legg Law Firm, LLC. can help you with these types of issues. The potential remedies for a consumer include potential rescission of any liens or mortgages against your home, reduction or elimination of finance charges and other "fees" that may have been collected from you as well as reimbursement of attorneys fees and other costs.

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Scott Borison Testified in Support of Historic Changes to Maryland Foreclosure Laws

In the 2007-2008 legislative session before the Maryland General Assembly, Scott Borison testified in favor of three laws that were passed by the legislature and enacted as emergency legislation.

The first law relating to the foreclosure process is the first changes in the law in over 200 years to provide additional protections to homeowners. The law now mandates personal service on the homeowner of notice of foreclosure.

The second law updated the Protection of Homeowners in Foreclosure Act. This law was first enacted in 2005. Scott Borison testified in 2005 and again testified in support of the amendments to the law to eliminate loopholes in the law.

The third law enacted a law specifically directed at mortgage fraud.

See blog for more details


Mortgage Class Action Suits

Many people are lured in by claims of "no cost" refinances -- but think about it. Why would they do it? They do it because they are making money. When they say "no cost" all they mean is that they are not asking you to come up with cash at the settlement table. Instead they finance these charges costing you even more.

Click here for more details


Bankruptcy Law Changes

Scott Borison testified before the Maryland Senate in support of an increase to the amount of property that Marylanders are allowed to keep from their creditors. The new law, effective October 1, 2004, has doubled the amount that Marylanders may keep.

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Manor Apartment Complex Class Action

If you were a tenant at the Manor Apartment Complex after May 2, 2001, a class action lawsuit may affect your rights.

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IMPORTANT NOTICE

The attorneys associated with Legg Law Firm, LLC. only practice in Maryland or Washington D.C.. This is not an effort to practice law in any other state. The law discussed here is limited to one or more of these jurisdictions. This is not a substitute for a consultation with an attorney. The information being provided at this web site is general information. It is not intended to be legal advice to any visitor to the site, nor should it be relied on by you for legal decisions. Any advice for your factual situation can only be done after consultation with a lawyer. Since the web site only provides general information, without making any effort to apply it to the visitor’s situation, Legg Law Firm, LLC. and its attorneys are not acting as your attorney and information sent to the firm will not be held confidential under any type of attorney client privilege which would exist if you retained the services of Legg Law Firm, LLC.

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