Undated Notice - 3 Year Right to Rescind?

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Question:

If the bank provides a notice of right to cancel assuming that the dates on the notice are accurate and the customer signs the notice, but fails to date it, are they entitled to a 3 year right of rescission because the notice was not dated?

Answer:

There are no regulatory requirements for the borrower to sign and date the notice of the right to cancel.

First published on BankersOnline.com 7/09/07