Timothy A. Raty of Mortgage Cadence examines the history of precise business days and observed holidays, and the importance of the recent addition of Juneteenth to the calendar.
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Nothing Lasts Forever: An Illinois Appellate Court Rules Truth in Lending Act Counterclaims to Debt Collection Actions Have a Statute of Limitations.
While there is generally a one- year statute of limitations for actions brought under the TILA, that statute of limitations may be extended indefinitely if the claim is brought as a counterclaim in recoupment or set-off to a debt collection action.
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