Clarifying TILA's Extended Right of Rescission: Jesinoski v. Countrywide

In the recent case of Jesinoski v. Countrywide Home Loans, Inc., the Supreme Court of the United States ruled that a borrower seeking to rescind a loan pursuant to Section 1635(f) of the Truth in Lending Act need only submit written notice to the lender within three years of the loan's consummation to exercise the right to rescind the loan transaction rather than having to file suit seeking rescission within that period.