On February 5th, the US Court of Appeals for the Fourth Circuit affirmed the entry of summary judgment in favor of defendant-lender. Prior to closing on a loan refinancing their home, plaintiffs sought to rescind the transaction and have their deposit refunded. The Fourth Circuit held that no TILA right to rescind a home mortgage exists prior to the consummation of the credit transaction. Since plaintiffs withdrew their home mortgage application prior to closing, they were not entitled to a refund of their deposit. Weintraub v. Quicken Loans, Inc.