Answer:
Without using the model notices for a Right of Rescission, you risk losing the safe harbor and would be subject to lawsuits.
State ROR for HELOC is Open-End Loan? (Appendix G)
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Question:
Does a Right of Rescission for a HELOC have to state that the loan is an open-end loan? All the rescission forms in Appendix G include reference to an open-end loan.
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