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Judge Finds TILA Claims Against Bank Are Barred By Limitations Period

Mealey's (October 27, 2016, 11:42 AM EDT) -- PHOENIX — An Arizona federal judge on Oct. 20 found that all of the claims for rescission under the Truth in Lending Act (TILA) were barred by a one-year statute of limitation and that the borrowers were prohibited by a loan modification from asserting claims, granting a motion filed by a bank to dismiss the case against them (Allen C. Taylor, et al. v. Deutsche Bank National Trust Company, et al., No. 16-01792, D. Ariz.; 2016 U.S. Dist. LEXIS 145551.)

(Opinion available.  Document #85-161108-037Z.)

Loan Modification...
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