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No Need To Argue 'Tolerance Of Accuracy': 3rd Circ.

Law360 (November 6, 2008, 12:00 AM EST) -- A federal appeals court has ruled that lenders do not have to assert an amendment to the Truth in Lending Act that provides a small cushion for minor fee inaccuracies when fending off challenges from debtors.

Judges Thomas L. Ambro, Maryanne Trump Barry and Leonard I. Garth of the U.S. Court of Appeals for the Third Circuit on Tuesday upheld a lower court ruling that said lenders did not have to assert the minor discrepancies provision in the TILA as an affirmative defense, but rather it...
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