Smith v. Fidelity Consumer Discount Company

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that 12 CFR §226.23(a)(3) n. 48 means that failure to accurately disclose the finance charge is a material violation of the federal Truth-in-Lending Act, entitling the borrower to rescind the loan transaction
• damages claim from failure to rescind was timely filed five months after lender’s refusal, after timely notice from borrower, to rescind
• “entitlement to statutory damages ... is ... wholly dependent upon, and flows directly from, their entitlement to rescissory relief’
• addressing 15 U.S.C. § 1635(f) and rescission

Source: CourtListener parenthetical corpus (CC0).