NOTICE OF RIGHT OF RESCISSION
$_ Mortgage on Property situated at：
_ [Identification of Transaction]
Notice to Customer Required by Federal Law：
You have entered into a transaction on _， 19_ which may result in a lien，
mortgage or other security interest on your home. You have a legal right under
federal law to cancel this transaction， if you desire to do so， without any
penalty or obligation， within three business days from the above date or any
later date on which all material disclosures required under the Truth in Lending
Act have been given to you. If you so cancel the transaction， any lien， mortgage
or other security interest on your home arising from this transaction is
automatically void. Your are also entitled to receive a refund of any down
payment or other consideration if you cancel. If you decide to cancel this
transaction， you may do so by notifying
_ [Name of Creditor]
at： _
[Address of Creditor's Place of Business]
by mail or telegram sent not later than midnight of _，19_. You may also use
any other form of written notice identifying the transaction if it is delivered
to the above address not later than that time. This notice may be used for that
purpose by dating and signing below.
I hereby cancel this transaction.
________________________________ _____________________________
[Date] [Customer's Signature]
See Next Page for Important Information About Your Right of Rescission
Receipt is herewith acknowledged of the foregoing NOTICE，EACH of the
undersigned CUSTOMERS having received two copies thereof， and one copy of the
Disclosure Statements concerning the above identified transaction this _ day of
_， 19_.
_________________________&&&__________________________________
EFFECT OF RESCISSION.
When a customer exercised his right to rescind under paragraph [a] of this
section， he is not liable for any finance or other charge， and any security
interest becomes void upon such a rescission. Within ten days after receipt of a
notice of rescission， the creditor shall return to the customer any money or
property given as earnest money， down payment or otherwise， and shall take any
action necessary or appropriate to reflect the termination of any security
interest created under the transaction. If the creditor has delivered any
property to the customer， the customer may retain possession of it. Upon the
performance of the creditor's obligations under this section， the customer shall
tender the property to the creditor， except that if return of the property in
kind would be impracticable or inequitable， the customer shall tender its
reasonable value. Tender shall be made at the location of the property or at the
residence of the customer， at the option of the customer. If the creditor does
not take possession of the property within ten days after tender by the
customer，ownership of the property vests in the customer without obligation on
his part to pay for it.
Issue two copies to customer.
-商务英语
daiy
发表于 2016-7-10 14:56:29