The Third Circuit has now joined the Fourth Circuit in ruling that a lawsuit seeking rescission filed more than there years after loan consummation is timely as long as the borrower sent a written notice of rescission within...more
- Borrowers Bright-Line Rule CFPB Closing Date Lenders Loans Mortgages Rescission Statute of Limitations Statute of Repose TILA
A borrower can bring a lawsuit seeking rescission more than three years after loan consummation as long as the borrower has sent a written notice of rescission within the three-year period, the U.S. Court of Appeals for the...more
- Borrowers Loans Mortgages Rescission Statute of Limitations TILA Written Notice
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