This Article reveals that the uniformity sought by Congress through TILA has challenged the courts to clarify the relationship between a notice of rescission and a suit for rescission, the relevance of the consumer’s ability to tender the loan principal, and the difficulty of recognizing a creditor’s attempt to accommodate a consumer’s premature election not to cancel a transaction.
"Challenges Under Truth In Lending: Suing For Rescission, Giving Clear and Conspicuous Notice, and Electing Not To Rescind,"
Akron Law Review: Vol. 48
, Article 1.
Available at: https://ideaexchange.uakron.edu/akronlawreview/vol48/iss2/1