Tonight we are covering the topic of whether we can interpret, argue or philosophize about TILA rescission. The answer is yes, provided it is outside the courtroom. We will also be covering recordation of the notice of rescission under state law. And the main point of argument about the TILA rescission provision that says that the right to rescind expires after three years from the date of consummation. Let me just say that when the SCOTUS says there is no room for argument or discussion that is the end of the matter because they are the court of last resort. There is nothing to revisit in a lower court except correcting prior unlawful decisions that ignored rescissions.
