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Rescission Calendar 2016

What is a Rescission Period?

On an owner-occupied refinance, the Borrower is given three (3) days to cancel, beginning with the next day following the date the Borrower receives and signs the Notice of Right to Cancel at the time of closing. For the purpose of rescission period, “days” are defined as any day mail is delivered by the United States Postal Service (USPS), excluding Sundays and Federal Holidays.