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Circuit split widens on actions borrowers must take to preserve their right to rescind under TILA

On September 16, 2013 by Schnader in Finance

By Stephen J. Shapiro Several circuit courts have reached conflicting conclusions about the actions borrowers must take to exercise their right to rescind a loan under the Truth in Lending Act. Recent opinions from the Eighth Circuit widen the divide. Under TILA, lenders are required to make certain disclosures to borrowers. […]

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