Answer:
Some violations cannot be corrected, and premature disbursement is one of them.
First published on BankersOnline.com 12/2/2002
Correcting A Right Of Rescission Error
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Question:
Is there really any way to correct a Right of Rescission error such as disbursing before the period has expired or not giving the correct time period to rescind? I am trying to come up with a procedure short of paying off the loan and reclosing with proper disclosures that would correct these types of violations.
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