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When does the Three Years Start to Run? How the “CHAIN OF CLAIMS” is Pure Wind

Good blog post from Neil Garfield in which he argues that the three year statute of limitations governing the right to rescind a loan under the Truth in Lending Act (TILA) does not begin to run until the true source of the loan is identified. He makes a very persuasive argument that I agree with.

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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.

NOTE; THE NEIL GARFIELD SHOW WILL RESUME ON THURSDAY SEPTEMBER 10, 2015 6PM EDT
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I’m in trial mode so I just wanted to post some articles that I found interesting. My own opinion is exactly what is expressed in this article about when consummation has occurred. And that is a question of fact that is neither obvious nor a closed matter when the true creditor’s identity has never been revealed and continues to be withheld. The banks seem to want to say that the borrower has no right to learn the identity of his or…

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