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Home / Opinion Digests / Consumer Protection – TILA – Rescission Notice – Payment Schedule (access required)

Consumer Protection – TILA – Rescission Notice – Payment Schedule (access required)

Rejecting the “hypertechnical” enforcement of Truth-in-Lending remedies used in some federal circuits, an Alexandria U.S. District Court dismisses a borrower’s suit seeking rescission on the grounds that the lender allegedly did not clearly state payments were due at monthly intervals and did not use the right rescission-notice form. Specifically, plaintiff alleges the disclosure statement delineating the ...

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