Waiver of Three Day Right of Recission

by devteam June 3rd, 2009 | Share

You are entering into a new transaction to increase the amount of credit provided to you.

acquired a mortgage on your home under the original transaction and will retain the mortgage in the new transaction. You have a legal right under federal law to cancel the new transaction, without cost, within three business days from whichever of the following events occurs last:

About the Author


Steven A Feinberg (@CPAsteve) of Appletree Business Services LLC, is a PASBA member accountant located in Londonderry, New Hampshire.

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