Supreme Court: OTS Not a Borrower's Automatic Right

The Supreme Court decided that if you want a deal to pay back your loan, you can't just expect the bank to give it to you.

You must follow the rules, like paying some money upfront.

This ruling means banks don't have to offer the deal if you don't pay first.

It is a deal, not something borrowers are automatically entitled to.

Banks now have more power in negotiating these deals, but borrowers must be prepared to pay if they want to benefit from OTS.