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Home / Opinion Digests / ‘Notice’ Works for TILA Rescission Right (access required)

‘Notice’ Works for TILA Rescission Right (access required)

A homeowner may exercise a right to rescind a mortgage transaction under the Truth in Lending Act by notifying the creditor within the three-year period; the owner is not required to file a lawsuit within the three-year window to exercise the rescission right, and the 4th Circuit reverses a contrary district court decision on a ...

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