226.23(a)(1) States that each consumer who has an "ownership interest" in the principal dwelling shall have the right to rescind.
I've always taken this to mean that the person must be an actual owner on the deed. There is no mention of community property (if the house happens to be located in one).
Am I right? Only actual owners of record need to be given the right to rescind the transaction. If a spouse is not an owner.....no rescission.
The more you sweat in training, the less you bleed in battle.......