TILA: When does the Right of Rescission apply?

The Right of Rescission is one of those quirky little compliance requirements that can cause a lot of confusion. In a nutshell, the right to rescind gives a borrower some “thinking time” as to whether they really want to secure their loan by their primary residence. But, it doesn’t apply in all cases. There are a number of exclusions than can also come into play.

Jerod explains more in the video.

 

Ready to learn more? JOIN US for our webinar, “All About TILA’s Right of Rescission”. Featured topics include:

  • What’s Covered?
  • What’s Not Covered?
  • “New” Money
  • The HELOC Intersection
  • The Delay Timeframe & Disbursement Timing
  • Required “Material” Disclosures
  • Common Mistakes, Violations & Consequences of Non-Compliance
  • Best Practices, Examination Feedback & Much More! 

CFPB - Right of Rescission 

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Published
2022/05/16
Jerod Moyer

Jerod Moyer

Jerod is the leader of Banker’s Compliance Consulting’s training productions. He is a nationally recognized speaker. Whether it’s a conference, seminar, school, webinar or luncheon, it’s easy to stay engaged when he presents due to the amount of passion and energy he brings to each and every compliance topic. Jerod has spoken on behalf of the American Bankers’ Association, BankersOnline, many state banking associations, private compliance groups and financial institutions. He is a Certified Regulatory Compliance Manager (CRCM) and BankersOnline Guru. Jerod likes to spend his time (between reading regulations and producing compliance training!) relaxing at the lake with his wife and three children, following their activities or engaged in something sports-related!

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