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Extended Rescission Period

Question: 
How long does the consumer have to rescind if we provide the wrong rescission form?
Answer: 

If the required notice or material disclosures are not delivered, the right to rescind shall expire 3 years after consummation, upon transfer of all of the consumer's interest in the property, or upon sale of the property, whichever occurs first.

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Learn more about Jack Holzknecht and Robin Cooper’s webinar What You Need to Know About the Right of Rescission

First published on 02/16/2020

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