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Sample Notice of Rescission Under Truth in Lending Act
Sample Notice of Rescission Under Truth in Lending Act
Pursuant to 15 U.S.C. 1635(f), my/our right to rescind this loan extends for three-years as a
result of this defective Truth in Lending disclosure statement. This rescission notice has been
sent to you within that time period.
I/we have arranged for the refinancing of my mortgage loan with LIST NAME OF
MORTGAGE COMPANY and am prepared to tender the reduced payoff amount once the
proper credits have been reflected in my reduced payoff.
Please be advised that your security interest in my/our home is now void per 15 U.S.C. 1635;
Regulation Z 226.23 and you have twenty-days to return all of the payments I have made on
this loan and to do your part to terminate the security interest in my home.
Thank you for your prompt attention to this matter. You may contact me at 555-555-5555 should
you require any further information or would like to discuss this matter further.
Sincerely,
__________________
YOUR SIGNATURE
YOUR NAME