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Right of Rescission

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  • #2582
    wp27
    Participant

    There are model forms in the reg, but only the closed end portion of the reg refers to them. Should we use a ROR specific to open end credit or use the general form (H-8)?

    #3098
    jholzknecht
    Keymaster

    For a home equity line of credit you should use the appropriate rescission form from Appendix G, which contains forms for open-end credit. While Regulation Z does not refer to the Appendix G forms, the Official Staff Commentary does reference the forms in Appendix G.

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