United States Fourth Circuit

In a case where homeowners sought to rescind the refinancing of their Virginia home based on their claim that the total points and fees charged in the transaction qualified the loan as what is commonly referred to as a "high-cost mortgage" under the Truth in Lending Act as amended by the Home Ownership and Equity Protection, summary judgment for defendant bank is affirmed as the loan to plaintiffs was not a "high-cost mortgage" and therefore did not require the additional disclosures and protections of TILA and HOEPA.

Appellate Information

• Decided 02/29/2008
• Published 02/29/2008

Judges

• Before NIEMEYER, SHEDD, and DUNCAN, Circuit Judges.

Court

• United States Fourth Circuit

Counsel

• For Appellees:
  
• ARGUED:  Thomas Ray Breeden, Manassas, Virginia, for Appellants.   Paul Wilbur Jacobs, II, Christian & Barton, L.L.P., Richmond, Virginia, for Appellee.   ON BRIEF:  Nichole Buck Vanderslice, Christian & Barton, L.L.P., Richmond, Virginia, for Appellee.