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Sheppard Mullin Richter & Hampton LLP | USA | 20 May 2014

Does a consumer’s exercise of a rescission right mean that the loan is automatically rescinded? Perhaps not, according to one federal court, if the consumer does not also file a lawsuit for rescission

In Baker v. Bank of America, N.A., No. 5:13-CV-92-F, 2014 U.S. Dist. LEXIS 9578 (E.D.N.C. Jan. 27, 2014), the United States District Court for the

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