The cancellation of a mortgage loan, permitted by law within three days of signing when the loan is not used to purchase a home.
Law that gives the borrower 3 days after signing to cancel a contract in some cases, if the transaction uses home equity as security.
The cancellation of a contract. With respect to mortgage refinancing, the law that gives the homeowner three days to cancel a contract in some cases once it is signed if the transaction uses equity in the home as security.
The replacing of a contract by mutual consent or by either party for reasonable cause.
The cancellation of an insurance policy back to its effective date resulting in a return of all premium charged.
Recision is the cancellation of a contract. With respect to mortgage refinancing, the law that gives the homeowner three days to cancel a contract in some cases, if the transaction uses equity obtained through a security in the home.
The cancellation of a contract. When refinancing a mortgage on a principal residence the law gives the homeowner three days to cancel the contract.
The cancellation or annulment of a transaction or contract based on law or by mutual consent
The legal remedy for canceling, a contract and restoring the parties to their original positions; a return to status quo.