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Third Circuit Holds Notice Of Rescission Sufficient To Rescind Loan Under Truth In Lending Act
On February 5, in Sherzer v. Homestar Mortgage Services, Inc., No. 11-4254, 2013 U.S. App. Lexis 2486 (3d Cir. Feb. 5, 2013), the U.S. Court of Appeals for the Third Circuit rendered a precedent-setting decision finding that the borrowers' rescission action, which they filed more than three years after the closing on their loan, was timely.
United States
15 Feb 2013
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