[Rick Lee]

But I still want to know what was wrong with the TIL. The article doesn't say how it was fraudulent or bogus. Furthermore, every settlement I've been to, probably close to 100, the settlement atty. has explained pretty well what the TIL is. They have to explain everything you sign. IIRC, you receive a TIL within something like 72 hrs. of loan application, which gives you a few weeks to read about it before you have the settlement atty. explain it to you in layman's terms. Sure, it's pretty sleazy of the loan officer to let someone get to settlement without understanding the several big catches to an interest rate way, way below market prices. But at some point, people who are old enough to execute contracts need to be held responsible for reading and understanding what they sign.