2016-02-26 Interesting CA TILA Case From 2006
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Transcript of 2016-02-26 Interesting CA TILA Case From 2006
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8/19/2019 2016-02-26 Interesting CA TILA Case From 2006
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2016-02-26 Interesting CA TILA case from 2006 Monica Graham" [email protected]
This case is great - the borrowers got a loan from Pacific Shore then rescinded it.Pacific Shore sued them arguing the loan was valid. The borrowers refinanced withsomeone else and paid them off with a hefty prepayment penalty. ven though statuteof limitations for damages !# $S% &'() was e*pired -- appellate court said theirremedy for rescission wasn+t.
The lender+s obligation to return the money paid to it is part of the rescission remedyunder title # of the $nited States %ode section &,#!b) not a damages remedy in title# $nited States %ode section &'(. !Pulphus v. Sullivan supra ((, /0 1&',,, atp. 23 fn. 1.) Pacific Shore 4unding v. 0o5o ,6 %al. 7pp. 'th ,' ,#' ' %al. 8ptr. ,d 6, 1((& %al
https://groups.yahoo.com/neo/groups/fight4mortgageandcredit/conversations/topics/0;_ylc=X3oDMTJvcWNvbnRwBF9TAzk3MzU5NzE1BGdycElkAzczOTEzMTcwBGdycHNwSWQDMTcwNTAwNDM3NQRtc2dJZAMwBHNlYwNkbXNnBHNsawN2bXNnBHN0aW1lAzE0NTY4Mjk3OTE-mailto:Monica%20Graham%5Chttps://groups.yahoo.com/neo/groups/fight4mortgageandcredit/conversations/topics/0;_ylc=X3oDMTJvcWNvbnRwBF9TAzk3MzU5NzE1BGdycElkAzczOTEzMTcwBGdycHNwSWQDMTcwNTAwNDM3NQRtc2dJZAMwBHNlYwNkbXNnBHNsawN2bXNnBHN0aW1lAzE0NTY4Mjk3OTE-mailto:Monica%20Graham%5C
