10th Circuit Finds TILA Rescission Claim Against Banks Was Not Properly Filed

(March 15, 2017, 1:54 PM EDT) -- DENVER— After finding that a property owner did not give written notice to rescind a mortgage under the Truth in Lending Act (TILA) within the required time period, the 10th Circuit U.S. Court of Appeals on March 13 affirmed the dismissal of his foreclosure-related claims asserted against two banks and a loan servicer (Mukhtiar S. Khalsa v. U.S. Bank National Association, et al., No. 16-2208, 10th Cir., 2017 U.S. App. LEXIS 4351)....

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