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

Consumer Protection – TILA – Rescission Notice (access required)

A borrower cannot sue for a Truth-in-Lending violation based on a claim that the requirements for canceling an arbitration agreement in the loan were different from those for rescinding the entire transaction; a Richmond U.S. District Court says they were separate agreements and the rescission notice itself satisfies TILA requirements. Plaintiff argues that because the requirements ...