04/21/2014
Is the Right of Rescission required when refinancing a real estate loan secured by 160 acre farm, and advancing funds to pay off credit card debt once loan originated?
07/15/2013
I am wondering what the possible penalties to a lender are for non-compliance or improper execution of Right of Rescission.
12/03/2012
Is it acceptable for flood insurance to be in place after settlement but before the three day right of rescission is up?
10/29/2012
In a rescindable transaction, is it required to have the Borrower's signature for "Acknowledgment of Receipt" AND for the signature for "Certificate of Noncancellation" on the SAME Notice of Right to Cancel form? Is it acceptable to have a signature for Acknowledgment of Receipt on 1 form and the signature for Certificate of Noncancellation?
10/01/2012
Would a 3 day Right of Rescission apply on a second lien Owelty Deed for a Divorce situation?
08/20/2012
We have a customer that is buying a spec home from a builder. The customer has moved into the spec home prior to the loan being closed. Does this loan require that we give a Right of Rescission to the borrower? Our compliance consultant company says NO but I have an employee at an IBA seminar today that is saying per Reg Z says No but Truth in Lending Law says Yes so we should do a rescission.
06/25/2012
What is the effect of using an old form of Truth in Lending Disclosure Statement in a mortgage loan?
05/21/2012
Does R of R apply to a mobile home without land refi?
04/23/2012
We are writing loan documents for a loan being secured by a mobile home without land. The mobile home is their primary residence titled under the husbands name only. Does the wife have to sign a right of rescission notice?
12/05/2011
We are refinancing a consumer construction loan to add funds to complete construction. Consumers are residing at another residence until the new house is completed. The construction house in uninhabitable as it stands now - and secures the loan. The repayment source is the mortgage loan by the same lender. Would the new loan require a Right of Rescission even though the consumers have another principle address?