|Right of Rescission|
the 3 day period allows you to cancel your home equity loan within 3 business days. Excluding Sundays and Holidays.
You as a borrower for this to be eligible must sign all disclosures ,, that is close your loan. Receive copies of all disclosures and receive the right of rescission note.
The right of rescission does not apply to all mortgage loans.
Does not apply to a Home equity line of credit and Refinancing of existing mortgage and home improvement loan.
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