Skip to content

Curing a ROR Notice Violation

Answered by: 

Question: 
We failed to give a timely right of rescission. How can a right to rescission notice violation be cured?
Answer: 

The common perception, as this is purely a timing issue, is there is no cure. Some try and give a right of rescission after the fact, but you would have to research case law in your jurisdiction to see if it was ever ruled as effective.

First published on BankersOnline.com 5/04/09

First published on 05/04/2009

Filed under: 
Filed under compliance as: 

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