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Home / Opinion Digests / No Trigger from TILA Rescission Notice (access required)

No Trigger from TILA Rescission Notice (access required)

An Alexandria U.S. District Court denies reconsideration of its earlier dismissal of plaintiff borrower’s suit under the Truth in Lending Act as time-barred because filed outside the TILA’s three-year statute of repose [VLW 011-3-463]; the court’s earlier decision correctly dismissed the TILA wrongful failure-to-rescind-claim because that claim, based on the erroneous premise that a borrower’s ...