Skip to content
BOL Conferences
Thread Options
#669645 - 01/22/07 07:04 PM Right of Rescission
NM Tiger Offline
Member
Joined: May 2004
Posts: 79
New Mexico
If a bank does not do the Right of Rescission and this should have been done, is there anyway to correct this?
Last edited by Blaine711; 01/22/07 07:06 PM.
Return to Top
HMDA

#669712 - 01/22/07 07:37 PM Re: Right of Rescission
Dan Persfull Offline
10K Club
Dan Persfull
Joined: Aug 2002
Posts: 47,875
Bloomington, IN
This question really belongs in the lending forum instead of the HMDA one.

Not providing the ROR extends the ROR to three years. There are some that say you can cure it by providing it when you discover the violation, but I'm not one of them. IMO it is not correctable.
_________________________
The opinions expressed are mine and they are not to be taken as legal advice.

Return to Top
#669726 - 01/22/07 07:43 PM Re: Right of Rescission Dan Persfull
NM Tiger Offline
Member
Joined: May 2004
Posts: 79
New Mexico
Thank you. That is what I believed.

Return to Top

Moderator:  SMQ, CRCM