• Archives

  • Blog Stats

    • 671,727 hits
  • Categories

  • Advertisements

The Looming Fight Over Rescission Strongly Favors Borrowers of all Types

Another Neil Garfield blog post on a notice of rescission under the Truth in Lending Act. He makes a very persuasive argument that the banks are painting themselves into a corner which they have. But the big banks have brought all of this down on themselves with their actions and will now have to deal with the consequences.

Livinglies's Weblog

Livinglies Team Services: see GTC HONORS Services, Books and Products


For more information please email us at gtchonors.llblog@gmail.com or call us at 954-495-9867 or 520-405-1688

This is not legal advice on your case. Consult a lawyer who is licensed in the jurisdiction in which the transaction and /or property is located. while it is possible that the rescission laws might apply to all consumer loans, the author has researched other types of loans in any detail — student loans, auto loans, furniture loans, credit cards, and other cash advances etc. No opinion is offered on those —- yet.


Rescission strategies are coming fast and furious and the banks are painting themselves into a corner.  One issue was what happens if the rescission letter refers to the transaction as of a certain date? That is evidence of the consummation but not the total proof. In response to one person…

View original post 1,239 more words


What is your opinion?

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: