Practice Tools

This rescission letter is quite detailed. Truth in Lending does not require this type of completeness-- the Rescission Model Forms in TILA Regulation Z are very short, merely stating "I wish to cancel," and signed and dated by the consumer.  But such a letter may be used if it is believed it will lead to a quicker and more beneficial settlement of the case—that it is best to present to the creditor the consumer's case in as much detail and as persuasively as possible as early as possible. This letter was drafted in 1993 and may rely upon outdated caselaw.

TILA requires only a bare bones letter, which does not need to have as much explanation as this sample rescission letter. The Rescission Model Forms in TILA Regulation Z are very short, merely stating "I wish to cancel," and signed and dated by the consumer.  However, the practitioner may include the specific violations for strategic reasons.

This is a sample short TILA rescission notice that lists specific violations. TILA requires only a bare bones letter, which does not need to have as much explanation as this letter. The Rescission Model Forms in TILA Regulation Z are shorter still, merely stating "I wish to cancel," and signed and dated by the consumer. However, the practitioner may include the specific violations for strategic reasons. This version does so and includes additional text that is recommended when specific violations are alleged.

While computer programs are now the most common way to compute an annual percentage rate (APR), an early alternative way sanctioned by the FRB was use of the FRB Annual Percentage Rate tables. This volume I can be used to compute APRs for “regular” transactions and for transactions with irregular first payments, irregular first periods, and irregular final payments.

This intake checklist for a student loan case lists categories of identifying information about the client, basic information about the student loan, a cancellation/bankruptcy evaluation for both federal and private student loans, specific issues regarding federal student loans, and specific issues regarding private student loans.

This is a Department of Education brochure discussing what a Department of Education PIN is and its uses.

Your U.S. Department of Education PIN is the personal identifi cation number you use when you visit certain Department Web sites. When you type in your PIN at these sites, you are saying either “Yes, it’s really me—please show me the personal information about me on this site” or “Please accept my PIN as my electronic signature on this online form.

This is a Department of Education brochure on federal student aid—discussing the myths and realities of federal student aid.

When you’re considering college—or some form of education after high school— financial aid almost always comes to mind. While you have the primary responsibility of paying for college, sometimes those funds just aren’t enough and you need to look at other resources. The U.S. Department of Education provides more than $150 billion in federal student aid (grants, work-study, and loans) each year to students seeking a postsecondary education (a degree after high school). About 14 million students currently receive federal student aid with a majority receiving federal student loans.

This is an older five-page Department of Education brochure on federal student aid—in Spanish language, how to fund an education.  Another practice tool provides the guide in English.

This is an older five-page Department of Education brochure on federal student aid—how to fund an education.  Another practice tool provides the guide in Spanish.