C.A. 1st;
A142994
The First Appellate District vacated a judgment and remanded the action for further proceedings. The court held in the published portion of its opinion that a borrower may rescind a loan transaction under the Truth In Lending Act without filing a lawsuit, but when the rescission is challenged in litigation, the trial court may decide whether the rescission notice is timely and whether the procedure set forth in the Act should be modified in light of the facts and circumstances of the case.
