Notice of Right of Rescission



Notice of Right of Rescission :



NOTICE OF RIGHT OF RESCISSION



Customer :


Amount :


Security :


NOTICE TO CUSTOMER REQUIRED BY FEDERAL LAW



Today, _____________, you have entered into a transaction which may result in a lien, mortgage or other security interest on your home. Federal Law provides you with the right to cancel this transaction, if you so desire, without any penalty or obligation at any time within three business days from the above date or the date on which all material disclosures required under the Truth in Lending Act have been given to you. By cancelling this transaction, any lien, mortgage or other security interest on your home resulting from this transaction is automatically void. Any downpayment or other consideration you may have tendered on entering this transaction must be refunded to you in the event you cancel. If you desire to cancel this transaction, you may do so by notifying the following party:


[address]


by mail or telegram sent by midnight_______________________, or by any other form of written notice delivered to the above address no later than midnight______________________________.


Please acknowledge your receipt of this notice by signing theform indicated below.


ACKNOWLEDGMENT OF RECEIPT OF NOTICE



Each of the undersigned hereby acknowledges the receipt of twocompleted copies of the Notice of Right of Rescission.


Date :


[Customer's Signature] :


NOTE :


This is a typical letter. You have to add your company's name with full address. And the receiver's name and full address also should be added in the place allotted for that purpose. Without those primary details no letter carries any significance. So, you are requested to provide all those important details. Failing which the letter will make a wrong impression about your company and you among the receivers of your letters. This is the most unwanted attitude on your side in dealing with the clients who are the most valued assets of any business organisation. If necessary, leave those spaces blank.




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Notice of Right of Rescission
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