We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Judge Says Borrowers Had No Right To Rescind Loan Under TILA

Mealey's (October 7, 2016, 10:30 AM EDT) -- LITTLE ROCK, Ark. — After finding that borrowers had no right to rescind their loan under the Truth in Lending Act (TILA), an Arkansas federal judge on Oct. 4 granted a bank's motion to dismiss the case (John Dunn, et al. v. U.S. Bank National Association, as Trustee for CMSI REMIC Series 2008-02, REMIC Pass-Through Certificates Series 2008-02, No. 4:16-CV-00085, E.D. Ark.; 2016 U.S. Dist. LEXIS 137523).

(Opinion available.  Document #85-161011-023Z.)

Cases

John and Wendy Dunn obtained a mortgage on Feb. 21, 2008.  The Dunns sued...
To view the full article, register now.