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- Title
TRUTH IN LENDING: IS NOTICE ENOUGH TO EXERCISE THE RIGHT OF RESCISSION?
- Authors
Schlussel, Ethan
- Abstract
The article offers information regarding the U.S. Truth in Lending Act, a consumer credit law passed by the U.S. congress. It discusses the right of rescission of the banks which is invoked by sending a notice to the consumer or the borrower of a loan. It states that the act directs the Board of Governors of the U.S. Federal Reserve System to carry out the objectives of the act.
- Subjects
UNITED States. Truth in Lending Act; BOARD of Governors of the Federal Reserve System (U.S.); BANK loan laws; LEGAL notice; BANKING industry; BANKING laws
- Publication
Brooklyn Journal of Corporate, Financial & Commercial Law, 2014, Vol 9, Issue 1, p362
- ISSN
1934-2497
- Publication type
Article