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Rescission Coverage Rules

Question: 
Are all TRID transactions subject to the right of rescission?
Answer: 

Many, but not all, TRID transactions are subject to the right of rescission. One big difference is that TRID applies to consumer transactions secured by real property or a cooperative unit. The right of rescission applies to a credit transaction in which a security interest is or will be retained or acquired in a consumer's principal dwelling
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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 03/22/2020

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