Newton v. United Companies Financial Corp.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• evaluating HOEPA repayment ability requirement based on lender's practice to all customers in a given period
• “the lender must notify the borrower of the making of a counteroffer, not just the ultimate approval or denial of that counteroffer”
• damages may be awarded both for the “failure to honor a valid rescission demand” and for the “creditor’s failure to rescind voluntarily”
• damages may be awarded both for the \failure to honor a valid rescission demand\ and for the \creditor's failure to rescind voluntarily\
• court found that the borrowers or their representatives did not fill out a written application but instead made an initial request and then the lender filled out a written application
• successful ECOA claim asserted only against the original creditors in loan transactions

Source: CourtListener parenthetical corpus (CC0).