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Home / News Stories / TILA notice on cancellation won't create rescission right (access required)

TILA notice on cancellation won't create rescission right (access required)

Providing a cancellation notice under the federal Truth in Lending Act does not create a right of rescission for a mortgage secured by commercial real estate, a federal judge in Newport News has ruled. John C. Lynch, the Norfolk attorney who represented the lenders, said the opinion by Judge Robert G. Doumar is the first decision ...