New York is leading a coalition of 25 states urging the U.S. Supreme Court to uphold the rescission right of consumers under the Truth in Lending Act (TILA) to back away from a loan simply by giving written notice to the creditor.
The high court in late April agreed to hear Jesinoski v. Countrywide Home Loans, 13-684, an Eighth Circuit case raising a question of whether the TILA rescission provision can be triggered by notice to the lender or only through a lawsuit.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
