Mayo v. Key Financial Services, Inc.

The Massachusetts Consumer Credit Cost Disclosure Act (G. L. c. 140D) provides that a borrower (an obligor in the language of the act) who grants a security interest (in this case a mortgage) on property used as the borrower’s principal dwelling has the right to rescind the transaction. Notification of the rescission must be given within *863three days of either the consummation of the transaction “or the delivery of the information and rescission forms required under [G. L. c. 140D, § 10] together with a statement containing the material disclosures required by [G. L. c. 140D], whichever is…