Court of Appeals for the Seventh Circuit December 12, 2017, No. 17-1718 (Fendon v. Bank of America, N.A.)
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United States · · · 12-12-2017
EASTERBROOK, Circuit Judge.
In 2007 James Fendon borrowed money from Bank of America; the loan was secured by a mortgage on his home. A borrower may rescind such a transaction for any reason within three days and for some reasons within three years. See 15 U.S.C. § 1635 (part of the Truth in Lending Act); Jesinoski v. Countrywide Home Loans, Inc., — U.S. —, 135 S.Ct. 790, 190 L.Ed.2d 650 (2015).
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