The situation is as follows:
ROR form with an improper date was used. The LO is under the assumption that since she gave 4 days, instead of the required 3 days(and that favors the borrower), that no action is needed. I do not agree with this. I looked over Reg. Z, specifically 226.15. The reg. states 3 days. In making this error, has the rescission period been extended to 4 days, or has this error caused a rescission period of 3 years?