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#1660719 - 02/03/12 09:36 PM Right of Rescission
Em Offline
100 Club
Joined: Jan 2004
Posts: 125
Omaha, Nebraska
Business loan secured by guantors (not borrower)primary residence, would right of rescission apply?

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Lending Compliance
#1660783 - 02/03/12 11:46 PM Re: Right of Rescission Em
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,025
Galveston, TX
Not on a business loan, as they are exempt from Regulation Z, unless required by State law.
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#1660796 - 02/04/12 12:53 PM Re: Right of Rescission Em
Richard Insley Offline
10K Club
Richard Insley
Joined: Oct 2000
Posts: 10,170
Toano, VA
Read the OSC to Section 226.23, Comment #1.
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