SCOTUS gives prolonged rescission period to homeowners where lender fails to provide Truth-in-Lending disclosures

The U.S. Supreme Court on Tuesday ruled that homeowners had a right to rescind their mortgage loan for up to three years after the loan origination date if the lender failed to provide the requisite “Truth-in-Lending” disclosures.

The decision, Jesinoski v. Countrywide, is here.  A Reuters article on the decision is here.