Samuel Smith v. Gmac Mortgage Co.
Opinion
Opinion
MEMORANDUM
Samuel Smith appeals pro se from the district court’s judgment dismissing his action alleging Truth in Lending Act (“TILA”) and Home Ownership and Equity Protection Act (“HOEPA”) claims. We have jurisdiction under 28 U.S.C. § 1291 . We review de novo. King v. California, 784 F.2d 910, 912 (9th Cir.1986). We affirm.
The district court properly dismissed Smith’s TILA claim seeking damages as time-barred because Smith did not file his action within one year of the alleged violations. See 15 U.S.C. § 1640 (e) (an action for damages must be brought within one year of the alleged violation).
The district court properly dismissed Smith’s TILA claim seeking rescission because the loan at issue was a “residential mortgage transaction” and therefore could not be rescinded under TILA. 15 U.S.C. § 1635 (e)(1) (the right of rescission does not apply to a “residential mortgage transaction”); id. § 1602(x) (defining a “residential mortgage transaction”). Likewise, the district court properly dismissed Smith’s HOEPA claim. See 15 U.S.C. §§ 1639 , 1602(bb)(l) (exempting “residential mortgage transactions” from the requirements of HOEPA).