Johnson v. GMAC Mortgage Corp.

THOMAS H. NEWTON, Judge.

This appeal stems from a failed mortgage loan refinancing transaction. Mr. Stephen M. Johnson contends that respondents GMAC Bank (GMAC) and GMAC Mortgage Corporation (Mortgage Corporation) violated the federal Truth in Lending Act (TILA) and that he properly exercised his right to rescind the loan agreement, triggering their duty to return his money to him and to release the deed of trust over the property. The trial court dismissed all of Mr. Johnson’s claims for relief against respondents, and he now appeals from that judgment of the trial court.

We conclude that Mr.…