Credit Discrimination: 11.5.3.2.1 No arbitration of home mortgage or manufactured home loans
The Truth in Lending Act (TILA) restricts forced arbitration and similar procedures in connection with residential mortgage loans and open-end consumer credit plans secured by the consumer’s dwelling.184 The corresponding TILA Regulation Z provision makes clear that, to be covered by this provision, only open-end credit must be secured by the consumer’s principal dwelling.