Truth in Lending: 11.2.4.2.1 Violation of preconsummation disclosure requirements
The failure to provide accurate preconsummation disclosures could easily cause a monetary injury. Absent proper disclosure, consumers could sign contracts they might not otherwise sign. The same violation could also interfere with a consumer’s attempt to shop for a better price. The consumer might decline to shop, thinking the disclosed price was reasonable and affordable, or the consumer might reject better offers. The end result is that the consumer owes money that would not otherwise be owed, and this is a concrete injury.110