Supreme Court Rules Homeowners Don't Have To Sue Lenders To Rescind Mortgage Under Truth In Lending Act

Federal law states that lenders must disclose all costs and details relating to the mortgage a home buyer is obtaining.  If the lender does not disclose it's costs, a homeowner has up to 3 years to rescind the mortgage for failure to disclose and can do so by writing a letter instead of suing the mortgage company.

More info--

http://consumerist.com/2015/01/13/supreme-court-rules-homeowners-dont-have-to-sue-lenders-to-rescind-mortgage-under-truth-in-lending-act/

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