---
title: "TILA: When does the Right of Rescission apply?"
description: The Right of Rescission compliance requirements can cause a lot of confusion.  The right to rescind gives a borrower some “thinking time”...
---

[Banker's Compliance Consulting Blog ](https://blog.bankerscompliance.com/en)

# [TILA: When does the Right of Rescission apply?](https://blog.bankerscompliance.com/en/tila-when-does-the-right-of-rescission-apply)

 Written by [Jerod Moyer](https://blog.bankerscompliance.com/en/author/jerod-moyer) | May 16, 2022 4:10:31 PM

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](https://store.bankerscompliance.com/#?keyword=TILA&type=)”. 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 ](https://www.consumerfinance.gov/rules-policy/regulations/1026/23/)

Published  
2022/05/16

[View full post](https://blog.bankerscompliance.com/en/tila-when-does-the-right-of-rescission-apply)

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