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Tag: lending

United States Supreme Court Strays from the Pack with a Crucial Ruling for Borrowers

Thu Jan 22, 2015 by on Florida Law News

The Truth in Lending Act (TILA) gives home loan borrowers a three-day right to rescind, or cancel, a loan transaction. For these first three days, this right is unconditional, without any caveats. After the three days run out, there is a catch; the borrower has the right to rescind only if the lender has failed to satisfy TILA’s disclosure requirements. […]

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