Bonte v. U.S. Bank, N.A.

Dist. Ct. did not err in dismissing for failure to state cause of action plaintiffs’ Truth in Lending Act (TILA) lawsuit seeking rescission of plaintiffs’ mortgage based on defendant allegedly misstating certain charges on mortgage disclosure statement. Ordinary three-day period allowed for rescission under TILA did not apply, and plaintiffs failed to show how 10 different discrepancies on their TILA statement were material as defined under 12 CFR section 226.23(a)(3), where plaintiffs failed to assert how any alleged misstated figures on statement related to either their finance charge, APR or amount financed.