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 

Published
2022/05/16