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#1532703 - 04/07/11 02:30 PM DaugheDoes Rescission Apply?
sb1 Offline
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Joined: Jan 2006
Posts: 135
We are doing a home equity loan with the borrower on the loan being dad and her daughter. The daughter lives in the house that will be taken as collateral as her primary residence but does not hold title. The dad holds title but does not live in the house as his primary residence. Are we right to assume that no right of rescission applies to either borrower since the daugther does not hold title and the dad does not live in the house as his primary residence?

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#1532868 - 04/07/11 05:55 PM Re: DaugheDoes Rescission Apply? sb1
Truffle Royale Offline

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Joined: Jul 2003
Posts: 17,395
yes

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