Truth in Lending: 3.6.3.4.3 Remedies
For TILA purposes, a major issue is whether the violation triggers actual damages or statutory damages.197 If the cost of any particular back-end product is related to the extension of credit, or if the charge should have been included in the finance charge but was placed in the amount financed, then the violation can lead to statutory damages. If, on the other hand, the claim relates to a misdisclosure in the itemization of the amount financed,198 only actual damages are available.