[Solved] Allen took out a loan from Landmark in his own name but used the proceeds to buy a frozen yogurt machine for use in his business. Landmark failed to disclose

in this post you eill get answer of Allen took out a loan from Landmark in his own name but used the proceeds to buy a frozen yogurt machine for use in his business. Landmark failed to disclose by insureinsurancelife


Allen took out a loan from Landmark in his own name but used the proceeds to buy a frozen yogurt machine for use in his business. Landmark failed to disclose the information required by the Truth in Lending Act, claiming this was a commercial transaction. Allen claimed the loan was covered by the law because the loan was taken out in his name. Who is correct? (Allen v. Landmark Finance Corporation of Georgia, CCH Consumer Credit Guide, Sec. 97.817)


Thank you for coming, Let us know what else we should do to make our content interesting and don’t forget to check the comment section because sometimes our users drop some interesting questions or riddles below and you can enjoy solving them. In the end it benefits the whole community.

Leave a Comment