Judge Finds Truth In Lending Act Section Applies To Untimely Claim For Relief

Mealey's (November 21, 2017, 12:07 PM EST) -- SEATTLE — Although borrowers filed their notice of an intent to rescind their loan under the Truth in Lending Act (TILA) within the required three-year statute of limitations, a Washington federal judge on Nov. 16 found that their claims for declaratory and injunctive relief and damages were all time-barred (Jerry Hoang, et al. v. Bank of America, N.A., et al., No. 17-0874, W.D. Wash., 2017 U.S. Dist. LEXIS 190088, 2017 U.S. Dist. LEXIS 190088)....

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