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

Consumer Protection – TILA – Mortgage Loan – Rescission Right – Notice (access required)

A notice of right to rescind sent to a woman who refinanced her home satisfied the Truth in Lending Act with its statement that a $299 application fee would become non-refundable if she did not consummate the loan, and a Richmond U.S. District Court grants summary judgment to the lender. TILA and its implementing regulations require ...