Professor Elizabeth Renuart will participate in a panel on "Truth In Lending Rescission-Advanced Issues" at the National Consumer Law Center's (NCLC) Consumer Rights Litigation Conference and Consumer Class Action Symposium, which will be held from Nov. 11 through 14 in Boston.
Professor Renuart worked at NCLC before joining Albany Law School last year as an assistant professor of law.
"We saw the beginnings of what resulted in the current foreclosure and economic crisis then and, in particular, starting in 1994 when Wall Street started packaging and selling securities based upon these mortgages," recalled Professor Renuart of her time at NCLC. "That morphed into the ‘subprime' market and things took off from there."
She now teaches Rights and Debtor Protections; Sales and Payment Systems; and Consumer Credit, Deregulation, and Crisis.
Professor Renuart is currently working on a paper titled "Residential Mortgage Loan Disclosures and Their Intended Results: Empirical Data" (co-author: Jen Douglas), which she presented at the event "Anatomy of the Subprime Mortgage Crisis: Empirical Studies of Loan Document Data" at Valparaiso University School of Law in March.
She is also in the process of researching issues that arise for homeowners when their mortgage lenders and servicers were banks that failed and were taken over by the FDIC.
Before joining the law school, Professor Renuart was an attorney with the NCLC in its Boston office, focusing on predatory lending, Truth in Lending, consumer credit issues and sustainable homeownership issues. Prior to joining the NCLC in 1996, she was the managing attorney of a legal services program in Baltimore that provided representation to homeowners in danger of losing their homes.