Judge Dismisses Borrowers’ TILA Claims As Barred By Statute Of Limitations

Mealey's (April 17, 2018, 1:20 PM EDT) -- BROOKLYN, N.Y. — A New York federal judge on April 16 found that rescission and damages claims for violations of the Truth in Lending Act (TILA) asserted by former property owners were barred by applicable statutes of limitations, granting a lender’s motion to dismiss the claims against it (Bevan Walker, et al. v. Flagstar Bancorp Inc., No. 17-CV-4829, E.D. N.Y., 2018 U.S. Dist. LEXIS 63737)....