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#2114365 - 01/17/17 05:03 PM File Mortgage Before Rescission Ends
Bill2307
Unregistered

Can we file the mortgage before the rescission period ends?

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#2114381 - 01/17/17 06:09 PM Re: File Mortgage Before Rescission Ends Anonymous
Island Dreaming Offline
100 Club
Joined: May 2009
Posts: 233
midwest
From the commentary to 1026.15:

3. Actions during the delay period. Section 1026.15(c) does not prevent the creditor from taking other steps during the delay, short of beginning actual performance. Unless otherwise prohibited, such as by state law, the creditor may, for example:

i. Prepare the cash advance check.

ii. Perfect the security interest.

iii. Accrue finance charges during the delay period.
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#2114410 - 01/17/17 07:01 PM Re: File Mortgage Before Rescission Ends Anonymous
Rocky P Offline
Power Poster
Joined: Jun 2003
Posts: 7,656
Florida
Discussed several times. Bank decision.

Pro - it's filed, less of a chance of an intervening lien.

Con - in the "very" remote chance the loan is rescinded, the bank has to remove (satisfy) the lien.
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Integrity. With it, nothing else matters. Without it, nothing else matters.

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