Cross v. Prospect Mortgage, LLC

MEMORANDUM OPINION

T.S. ELLIS, III, District Judge.

This action by a borrower against a lender of a home loan arose when the borrower learned, for the first time more than two years after closing, that the loan was not, as represented by the borrower, a United States Department of Agricultural (“USDA”) guaranteed Rural Development (“RD”) loan. Among the various causes of action the borrower asserted in this case was a claim under the Equal Credit Opportunity Act (“ECOA”) (15 U.S.C. § 1691) based on the lender’s failure to provide the borrower with notice that the lender did not secure the…