1026.48 (d) Consumer's right to cancel. The consumer may cancel a private education loan, without penalty, until midnight of the third business day following the date on which the consumer receives the disclosures required by §1026.47(c). No funds may be disbursed for a private education loan until the three-business day period has expired.
_________________________
The opinions expressed here should not be construed to be those of my employer:
PPDocs.com