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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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