THE TRUTH SHALL SET YOU FREE: EXPLAINING JUDICIAL HOSTILITY TO THE TRUTH IN LENDING ACT’S RIGHT TO RESCIND A MORTGAGE LOAN
The United States Supreme Court recently entertained an issue dividing the federal circuit courts of appeal over whether the federal Truth in Lending Act (TILA) requires a consumer borrower to file a lawsuit in order to exercise her statutory right to rescind, or cancel, certain types of mortgage loans where the lender fails to disclose… continue reading