Skip to content

Cooling Off Period

Answered by: 

Question: 
Is there a 12 day cooling off period for home improvement loans?
Answer: 

The Right of Rescission allows a 3 day wait, but I'm not aware of any Federal requirement for 12 days. You may want to check with your State regulators or bankers association as this may be a state requirement.

First published on BankersOnline.com 6/17/02

First published on 06/17/2002

Filed under: 

Banker Store View All

From training, policies, forms, and publications, to office products and occasional gifts, it’s available here:

Banker Store

hot right now

image description

Looking for effective, convenient training on a particular subject?

BOL Learning Connect offers more than 200 courses ON-DEMAND or on CD ROM from AML to Reg Z and every topic in between.

Search Topics