From: Charles Cox [mailto:email@example.com]
Sent: Friday, May 18, 2012 9:26 AM
To: Charles Cox
Subject: Robo-signing lawsuit reinstated/4th says TILA 3 year SOL doesn’t require borrowers to file rescission but just notify creditor
Robo-signing lawsuit reinstated
· Winston & Strawn LLP
· May 7 2012
On May 3rd, the Fourth Circuit reinstated the homeowners’ Truth in Lending Act ("TILA") and state consumer law claims asserted against the bank holding plaintiffs’ mortgage. The Court holds that TILA’s three-year statute of limitation does not require borrowers to file a claim for rescission to invoke that right. TILA rescission claims are timely if the consumer notifies the creditor within three years.
Charles Wayne Cox
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