# U ni te d S ta te s Co ur t of A pp ea ls For the Eig hth Circu it

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No. 1 2- 22 02

__ __ __ __ __ __ __ __ __ __ __ __ __ _ Larry D. Jes in os ki an d C he ry le Jes in os ki , in di vi du al s

ll ll ll ll ll ll ll ll ll ll l Pla in ti

ff s - Ap pe ll an ts

v.

Co un trywide Hom e Loa ns , Inc ., su bs id ia ry

of B an k o f Am eri ca N.A., do in g b us in es s as Am eri ca's W ho le sa le Len de r; B AC Hom e Loa ns Serv ic in g, LP,

a su bs id ia ry

of B an k o f Am eri ca, N.A., a Tex as Lim it ed Part ne rs hi p, fo rm erl y kn own as C ou nt ry wid e Hom e Loa ns Serv ic in g, L.P.; Mo rtg ag e Ele ct ro ni c Reg is tra ti on Sy st em s, In c., a Dela ware Co rp or at io n; an d J oh n a nd Jan e Doe s 1 –1 0

ll ll ll ll ll ll ll ll ll ll l Defe nd

an ts - App el le es

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Uni te d S ta te s Di st ric t Co ur t fo r th e Dis tri ct of M in ne so ta – M in ne ap ol is

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Su bm it te d: Decem

be r 11 , 20 12 Fil ed : Se pt em

be r 10 , 20 13 [Pu bl is he d]

__ __ __ __ __ __ Befo re LOKEN, MELLOY , and COLLOTON, Cir cu it Ju dg es

.

__ __ __ __ __ __PER CURI AM.

Mo rtg ag or s Larry an d Ch e ry le Je si no sk i ap pe al th e di st ric t co ur t's gr an t of jud gm en t on th e pl ead in gs to th ei r le nd ers in a di s p u te reg ard in g a $6 11 ,00 0 ho m e lo an

. Th ree y ears to th e da y aft er co ns um m at in g th e lo an , th e Je si no sk is m ai le d

no ti ces to t h e l e n d e rs se ek in g to res ci nd th e lo an du e to al le ge d vi ol at io ns of th e Trut h in Len di ng Act (TILA); th e le nd ers de ni ed th e Je si no sk is ' req ue st s to res ci nd

. One y ear an d on e da y aft er m ai li ng th e le tt ers —n ow m or e th an fo ur y ears aft er

co ns um m at in g th e lo an —t he Je si no sk is su ed th e le n d e r s to res ci nd th e lo an

. The

so le is su e on ap pe al is whe th er m ai li ng a no ti ce of res ci ss io n wit hi n th ree y ear s of

co ns um m at in g a lo an is su ffi ci en t to "ex erci se " th e rig ht to res ci nd a lo an tra ns act io n
pu rs ua nt to 15 U.S.C. § 16 35 (a) or , al te rn at iv el y , whe th er a pa rty se ek in g to res ci nd th e tr an sa ct io n i s re qu ire d t o fi le a la wsu it wit hi n t he th ree- y ear s ta tu to ry pe rio d.

Thi s Co ur t rece nt ly weig he d in on th e ci rcu it sp li t reg ard in g th is pr eci se is su e

an d he ld th at a pa rty se ek in g to res ci nd a lo an tra ns act io n m us t fil e su it wit hi n th ree
y ears of co ns um m at in g th e lo an

. Keir an v. Hom e Cap it al
, In c., 72 0 F.3 d 72 1, 72 6– 29 (8 th Ci r. 20 13 ) (ad op ti ng th e Ten th Ci rcu it 's vi ew in Ro se nf ie ld v. HSBC Ban k, USA, 68 1 F.3 d 11 72 (1 0t h Ci r. 20 12 )); se e Hart m an v. Sm it h,

_ _ F

. 3 d

_ _ , N o. 12 -1 94 7, 20 13 W L 44 07 05 8 at *7 –8 (8 th Ci r. Aug

. 19
, 20 13 ) ( f o l l o w i ng Keir an ). "It is a card in al ru le in ou r ci rcu it th at on e pa ne l is bo un d by th e de ci si on of a pr io r pa ne l." Owsl ey v. Lue bb ers , 28 1 F.3 d 68 7, 69 0 (8 th Ci r. 20 02 ). Acco rd in gl y , we affi rm th e di st ric t co ur t's jud gm en t o n t he pl ead in gs in fav or of t he len de rs

.

MELLOY, Circu it Ju dg e, co nc ur rin g i n t he jud gm en t.

I c o n c u r in th e jud gm en t in so far as th is Co ur t is bo un d by de ci si on s of pr i o r
pa ne ls

. See Owsle y , 28 1 F.3d at 69 0. W ere we writ in g on a cl ean sl at e, ho wev er, I

wou ld ho ld fo r th e reas on s st at ed in m y se pa rat e co nc ur ren ce in Hart m an , 20 13 W L

-2

-44 07 05 8 at *1 0– 12 , t ha t se nd in g no ti ce wit hi n th ree y ears of co ns um m at in g a lo an

is su ffi ci en t t o " ex erci se " t he rig ht to res ci nd . See 1 2 C .F.R. § 1 02 6.2 3( a)(2 ).

COLLOTON, Ci rcu it Ju dg e, co nc ur rin g.

I co nc ur in th e pe r cu ria m op in io n ba se d on ci rcu it pr eced en t, bu t I be li ev e th at Kei ra n v. Home Ca

pi ta l, In c. , 72 0 F.3 d 72 1 (8 th Ci r. 20 13 ), was wro ng ly de ci de d, se e id

. at 73 1 (Mu rp hy, J., di ss en ti ng ); Sc he rz er v. Homes ta r Mor tg

. Se rv s. , 70 7 F.3 d 25 5 (3 d Ci r. 20 13 ), an d I wou ld rev ers e th e jud gm en t of th e di st ric t co ur t if th e qu es ti on
pr es en te d wer e o pe n i n t hi s ci rcu it

.

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