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U.S. Supreme Court

Case Status

Decided

Docket Number

Term

2014 Term

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Case Updates

U.S. Supreme Court clarifies TILA rescission right

January 13, 2015

The court held that a borrower exercising the right to rescind under the Truth in Lending Act need only provide a written notice to the lender within the three-year period, not file suit within that period. The Eighth Circuit’s decision was reversed and the case was remanded.

Cert. petition granted

April 28, 2014

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