Rand Corp. v. Yer Song Moua
Court of Appeals for the Eighth Circuit
1Opinion of the Court
BYE, Circuit Judge.
This appeal involves a dispute between a lender, Rand Corporation, and two borrowers, Yer Song Moua and Manisy Moua, over the right to rescind a loan secured by a mortgage on their home. The core issue is whether the Mouas had a three-year— rather than three-day — period in which to rescind the transaction. They contend the normal three-day rescission period was extended to three years by Rand’s 1) failure to make material disclosures required by the Truth in Lending Act (TILA), 15 U.S.C. § 1635(a), and the Home Ownership and Equity Protection Act (HOEPA), 15 U.S.C. §…
2Cases cited9 opinions
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- Sappington v. Skyjack, Inc.Court of Appeals for the Eighth Circuit · 2008
- Rodash v. AIB Mortgage Co.Court of Appeals for the Eleventh Circuit · 1994
- Veale v. CITIBANK, F.S.B.Court of Appeals for the Eleventh Circuit · 1996
- Smith v. Highland BankCourt of Appeals for the Eleventh Circuit · 1997
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