#rescind
#rescind
  • U.S. Supreme Court Gives Homeowners More Ability to Cancel Their Mortgages

    Three years after borrowing money from Countrywide Home Loans, Larry and Cheryle Jesinoski sent Countrywide and Bank of America Home Loans a letter notifying them that they intended to rescind the transaction because the lender had violated the Truth in Lending Act (TILA).  The Jesinoskis, who refinanced their home mortgage with Countrywide in 2007, stated that they hadn’t received copies of two disclosure forms required under federal law.  Bank of America, which had acquired Countrywide, re...

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