5th Cir. Holds Tax Buyers Not Subject to TILA

The U.S. Court of Appeals for the Fifth Circuit recently held that a transfer of a tax lien to a tax buyer under Texas law does not constitute an extension of credit that is subject to the federal Truth in Lending Act (TILA).

A copy of the opinion is available at:  Link to Opinion.

Filed under:
USA, Texas, Banking, Insolvency & Restructuring, Litigation, Real Estate, Tax, Maurice Wutscher LLP, Property tax, Debt, Tax lien, Consumer Financial Protection Bureau (USA), Truth in Lending Act 1968 (USA), Fifth Circuit
Authors:
Eric Rosenkoetter
Location:
USA
Firm:
Maurice Wutscher LLP