Judge Finds TILA Claim Was Untimely, Grants Dismissal For Bank

Mealey's (March 10, 2017, 12:02 PM EST) -- CHICAGO — An Illinois federal judge on March 8 found that a former property owner's claim for violation of the Truth in Lending Act (TILA) that arose out of an alleged attempt to rescind his mortgage was barred by a three-year statute of limitations, granting a motion to dismiss the case filed by Bank of America N.A. (BANA) (James Fendon v. Bank of America, N.A., No. 16-3531, N.D. Ill., 2017 U.S. Dist. LEXIS 33236)....