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3 Day Right to Cancel (Individual Trust)

If real property titled to an individual's trust, do I need to provide the three day right to cancel?

by Randy Carey:

If the transaction is not exempt from Regulation Z under:

Official Interpretation
3(a) Business, Commercial, Agricultural, or Organizational Credit
Comment 10

Then if a right of rescission is required under Regulation Z, then the answer would be yes.


by John Burnett:

Note, though, that the consumer with the right to rescind in such a case is the individual (typically the grantor), not the trust.

First published on 04/23/2017

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