Tag Archives: TILA

Commercial Loan Modification Lingo Part 1

Posted on June 24, 2009 by CLR Staff

A commercial loan modification is when a commercial loan is altered or modified to create a new loan agreement between the lender and the business owner. A commercial loan modification is designed to make the monthly loan payments more affordable … Continue reading →

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How Can The Truth in Lending Act (TILA) Affect My Commercial Loan Modification?

Posted on June 18, 2009 by CLR Staff

A Commercial loan modification is an alteration of an original commercial loan agreement. However, if the original commercial loan agreement violated the Truth in Lending Act (TILA), then it is not enforceable and must be modified. The Truth in Lending … Continue reading →

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