Gordon R. Larson Katherine N. Larson v. California Federal Bank

76 F.3d 387 NOTICE: Ninth Circuit Rule 36-3 provides that dispositions other than opinions or orders designated for publication are not precedential and should not be cited except when relevant under the doctrines of law of the case, res judicata, or collateral estoppel. Gordon R. LARSON; Katherine N. Larson, Plaintiffs-Appellants, v. CALIFORNIA FEDERAL BANK, Defendant-Appellee. No. 94-55406. United States Court of Appeals, Ninth Circuit. Argued and Submitted Nov. 17, 1995. Decided Feb. 5, 1996. Before: FLETCHER, CANBY and HAWKINS, Circuit Judges. 1 MEMORANDUM * 2 This appeal requires us to decide when the appellants' consumer loan transaction was consummated for purposes of their action to rescind the loan under the federal Truth in Lending Act (TILA), 15 U.S.C. §§ 1601 et seq. The appellants, Gordon and Katherine Larson, who defaulted on a consumer loan from California Federal Bank, challenge the district court's refusal to enjoin the bank from foreclosing on its security interest in their home. The Larsons contend they are entitled to rescind the loan because the bank failed to properly notify them of their right to rescind under the Truth in Lending Act (TILA), 15…