November 7, 2017

RESCISSION IS A FACT — NOT A THEORY OR CLAIM

The Eighth Circuit’s affirmance in the present case rested upon its holding in Keiran v. Home Capital, Inc., 720 F. 3d 721, 727-728 (2013) that, unless a borrower has filed a suit for rescission within three years of the transaction’s consummation, §1635(f) extinguishes the right to rescind and bars relief. That was error. Section 1635(a) explains …

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