Be aware of TILA lawsuit limits and the 3 year rescission requirement!!!!!

You have 3 years to rescind the note of the bank fails to comply with the disclosure requirements. But you may only have another three years to sue to enforce.  See the limits under the federal Code below. Read the entire act to be certain and consult with licensed counsel knowledgeable about this prior to giving us a call for litigation assistance.  We are available at 818.453.3585…ask for Steve or Sara.

15 U.S. Code § 1640 – Civil liability

(e) Jurisdiction of courts; limitations on actions; State attorney general enforcement

Except as provided in the subsequent sentence, any action under this section may be brought in any United States district court, or in any other court of competent jurisdiction, within one year from the date of the occurrence of the violation …..  Any action under this section with respect to any violation of section 1639, 1639b, or 1639c of this title may be brought in any United States district court, or in any other court of competent jurisdiction, before the end of the 3-year period beginning on the date of the occurrence of the violation. This subsection does not bar a person from asserting a violation of this subchapter in an action to collect the debt which was brought more than one year from the date of the occurrence of the violation as a matter of defense by recoupment or set-off in such action, except as otherwise provided by State law. An action to enforce a violation of section 1639, 1639b, 1639c, 1639d, 1639e, 1639f, 1639g, or 1639h of this title may also be brought by the appropriate State attorney general in any appropriate United States district court, or any other court of competent jurisdiction, not later than 3 years after the date on which the violation occurs… .
If you are ready to sue to rescind call us immediately. 818.453.3585.
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