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Re: right to rescind notices

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#2808
jholzknecht
Keymaster

There are actually seven different rescission notices – two for closed-end credit and five for open-end credit. The model rescission forms are contained in Appendix G (open-end credit) and Appendix H (closed-end credit) of Regulation. The link for Appendix G is
https://ecfr.gpoaccess.gov/cgi/t/text/text-idx?c=ecfr&sid=4d168cc811a7a3701ebdb177e45cd4b7&rgn=div5&view=text&node=12:3.0.1.1.7&idno=12#12:3.0.1.1.7.7.8.10.23. The link for Appendix H is https://ecfr.gpoaccess.gov/cgi/t/text/text-idx?c=ecfr&sid=4d168cc811a7a3701ebdb177e45cd4b7&rgn=div5&view=text&node=12:3.0.1.1.7&idno=12#12:3.0.1.1.7.7.8.10.24.

For closed-end credit use the general rescission form in all cases, except when you are refinancing a loan at your bank that involves new money.