And, of course, if I were the rara avis who wanted to rescind at 11:59 p.m. on the the third business day, I would hie me to a post office mail receptacle, and have a trusted friend videotape my deposit of the notice into the caring arms of the Postal Service. I'd also make sure the tape recorded the time and date, and the friend would testify as to what, where, who and when.
And if the envelope doesn't get delivered until five days later, and the bank has disbursed funds without asking me to sign the acknowledgment, won't there be fun unravelling this mess!
Seriously, in the 27 years I've been doing compliance, we've only had one rescission, and that was from a widow whose husband had died of a stroke the day after closing.
John S. Burnett
Fighting for Compliance since 1976
Bankers' Threads User #8