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Limitations on Remedies Available Under the CSPA
What We Do
Predatory Lending
Limitations on Remedies Available Under the CSPA | Limitations on Remedies Available Under the CSPA |
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While the damage remedies and attorney fees provisions of the Consumer
Sales Practices Act are equally applicable to violations of the
provisions relating to residential mortgages, a significant restriction
on the right of rescission under the Consumer Sales Practices Act was
included in the legislation. Under 1345.09(A), a consumer may elect to
rescind a transaction, rather than recover damages, when a violation of
the act has occurred.
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