Federal Judge Finds TILA Rescission Claim Was Time- Barred, Dismisses Complaint

Mealey's (September 2, 2016, 1:58 PM EDT) -- ORLANDO, Fla. — After finding that borrowers attempted to rescind their mortgage five years too late under the Truth in Lending Act (TILA), a Florida federal judge on Sept. 1 granted three motions to dismiss their claim for rescission under TILA and other claims related to their mortgage (Charles E. Woide, et al. v. Federal National Mortgage Association, et al., No. 6:15-cv-1929, M.D. Fla.; 2016 U.S. Dist. LEXIS 118073).

(Opinion available. Document #85-160913-021Z).

Charles E. and Susannah C. Woide sued Federal National Mortgage Association (FNMA), Choice...
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