4th Circuit Finds That Despite Timeliness, Woman's Lending Law Claim Fails

RICHMOND, Va. - A panel of the Fourth Circuit U.S. Court of Appeals on Feb. 28 held that while a woman exercised her right to rescind under the Truth in Lending Act (TILA) in a timely fashion, her allegations that the Federal National Mortgage Association (Fannie Mae) violated that statute failed (Elayne Wolf v. Federal National Mortgage Association, a/k/a Fannie Mae, et al., No. 11-2419, 4th Cir.; 2013 U.S. App. LEXIS 4300)....(read more)