Burr & Forman

03.22.2018   |   Articles / Publications

The Banking Law Journal: ‘Automatic’ TILA Rescission: The Practical Impacts of Jesinoski and Protective Steps Lenders Should Consider

In an article published on Thursday, March 22 in The Banking Law Journal, Bridges explores the meaning of the U.S. Supreme Court’s decision in Jesinoski vs. Countrywide Home Loans, Inc., and how a lender can and should respond upon receiving a notice from a borrower asserting a purported right of rescission under the Truth in Lending Act’s extended three-year rescission window. Bridges outlines protective steps lenders should consider amidst “automatic” TILA rescission, she details, “The ultimate goal of rescission, whether under common law or TILA, is an equitable one – to return the parties to the status quo that existed prior to entering into a contractual agreement.”

Download the article, “‘Automatic’ TILA Rescission: The Practical Impacts of Jesinoski and Protective Steps Lenders Should Consider” written by Gennifer Bridges.

 

Related Attorneys