Sanders v. Mountain America Credit Union

Feb 08, 2010

OUTCOME: Waiting

The case, currently under appeal, concerns an interesting yet never discussed issue concerning the federal truth in lending act's rescission process. This case outlines how much of the case law surrou ... nding TILA rescission has greatly deviated from the plain meaning of the statute, and whether tender of the property secured in the transaction is sufficient for the borrower to meet his or her tender obligation.