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Who receives the rescission notice?

Question: 
Who is required to receive a copy of the rescission notice?
Answer: 

A creditor shall deliver two copies of the notice of the right to rescind to each consumer entitled to rescind. For purposes of rescission under §§ 1026.15 and 1026.23, the term "consumer" includes a natural person in whose principal dwelling a security interest is or will be retained or acquired, if that person’s ownership interest in the dwelling is or will be subject to the security interest.

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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 03/08/2020

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