Skip to content

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
-----------------------------
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

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