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#510963 - 03/09/06 04:28 PM Right of Recscission when grantor is a trust?
RebekahL CRCM Offline
Platinum Poster
RebekahL CRCM
Joined: Feb 2003
Posts: 882
Big Sky Country
Hello,

In a consumer real estate loan subject to rescission, what happens when the collateral grantor is a trust? The home is the consumer's principal dwelling, but he has moved it under the name of his trust. Does rescission no longer apply since a natural person does not own the home?
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Me, Type A? Maybe - I'm not done analyzing it yet.

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Lending Compliance
#510964 - 03/09/06 04:44 PM Re: Right of Recscission when grantor is a trust?
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 85,349
Galveston, TX
That is correct.
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