Online Education Course

Back
Regulation Z: The Right to Rescind Closed End Loans

2018-05-14

Regulatory Authority: Consumer Financial Protection Bureau (CFBP)

Credit Hours:

Regulation Z provides a borrower a limited right to rescind a mortgage secured by the borrower’s principal residence. Loans exempt from rescission are a residential mortgage loan (which is a purchase money loan), and a refinancing of a principal residence secured loan by the same creditor that made the loan being refinanced, provided that there is no extension of new money.

View the course for more details.

 Please sign up for the Premium Membership to view this content.