Real Estate & Mortgage Forum Welcome, Guest. Please login or register.
Did you miss your activation email?

Login with username, password and session length
February 07, 2012, 02:18:27 PM *
News: Welcome to the new members to the Mortgage help forum.
 
   Home   Help Search Login Register  
Mortgage Forum: Signatures Allow ( Please No Spam) - Only mortgage related topics Allow (Non-Mortgage Posts ONLY in Say Anything Thread) - SEO and Marketing Advice for Mortgage Consultants - Report Spam by sending a pm to ADMIN
Pages: [1]
  Print  
Author Topic: How many business days in loan rescission?  (Read 567 times)
incomera
Newbie
*

Karma: 0
Posts: 5
Referrals: 0


View Profile
« on: May 15, 2009, 12:30:45 AM »

I want to figure out on how many business days would a loan rescission? Do you know loan rescission? Maybe you know this type of concept.
abuzar345
Newbie
*

Karma: 0
Posts: 30
Referrals: 0



View Profile
« Reply #1 on: January 23, 2010, 10:59:52 PM »

Borrowers have an absolute rescission right for three days following the transaction. This period may be extended for up to three years if certain "material" TILA (Truth in Lending ACT) disclosures were not provided correctly at the time of the credit transaction, or a proper notice of the right to cancel was not given.

admin
Administrator
Newbie
*****

Karma: 0
Posts: 41
Referrals: 1


View Profile
« Reply #2 on: January 25, 2010, 08:13:08 AM »

Three and Sat is counted because the banks are open. 
Pages: [1]
  Print  
 
Jump to:  

mortgage forum
Powered by MySQL Powered by PHP Powered by SMF 1.1.10 | SMF © 2006-2009, Simple Machines LLC
SMFAds for Free Forums
SMFAds for Free Forums | Sitemap
Valid XHTML 1.0! Valid CSS!