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Does the 3 day right of rescission rule apply to construction loans?
Wiki User
∙ 15y ago
Generally no. The Truth in Lending Act allows a right of rescission on equity lines of credit and refinances. You can read more about it at the link below.
Wiki User
∙ 15y ago
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Does the 3 day right of rescission rule apply to car loans in Minnesota?
no
Does the 3 day right of rescission rule apply to home loans in Michigan?
The three-day right of rescission rule applies to all loans covered under the federal Truth in Lending Act. This is a federal law that applies to loans in all 50 states that fall under the guidelines set in the act. The majority of types of typical loans that homeowners take out on residential properties will be covered by the TILA, and have a three-day right or rescission, including loans in Michigan.
How do construction loans work?
Construction loans are for when a house (or other structure) is being built. The contractor can take money out on a loan to get materials needed for construction and also do not have to pay the loan back right away.
Is there a 3 day right of rescission to Arizona tenants?
Not unless it so states in the rental contract.
Where can someone with bad credit apply for a auto loan?
For people with bad credit it is not impossible to get a car loan. Some financial companies give credit to people who have had past credit issues. Using these companies result in higher interest rate premiums. For the most part you can often qualify for a car loan if you clean up your bad credit rating and applying for loans at the right places. Places you can apply for an auto loan is Bad Credit Auto Loans and Road Loans.
Does the 3 day right of rescission rule apply to car loans in Minnesota?
no
Does the 3 day right of rescission rule apply to car loans in Indiana?
No, it only applies to unsolicited purchases, not autos.
Does the 3 day right of rescission rule apply to home loans in Michigan?
The three-day right of rescission rule applies to all loans covered under the federal Truth in Lending Act. This is a federal law that applies to loans in all 50 states that fall under the guidelines set in the act. The majority of types of typical loans that homeowners take out on residential properties will be covered by the TILA, and have a three-day right or rescission, including loans in Michigan.
Does the 3 day right of rescission rule apply to car loans in South Dakota?
No, the buyers remorse law does not apply to the purchase of a new or used vehicle.
Does New Jersey have a right of rescission rule for used automobile loans?
The right of rescission rule in New Jersey does not apply to used automobile loans. The New Jersey Consumer Fraud Act however does protect consumers for three days to rescind on a health club contract.
Does Ohio have a right of rescission rule for automobile loans?
no
Does the 3 day right of rescission rule apply to used car loans in Michigan?
No, the three day rule does not apply to auto purchases and certainly not to a pre-owned ones. Customer beware!
Does the 3 day right of rescission rule apply to lot loans?
"You should have three days (not including Saturday, Sunday or a bank holiday) to rescind your loan. Call the title company and find out if it must be in writing. Usually there is a document in the pack of papers they give you that states the dates involved and how to do this." *Correction:* The 3 day right of rescission applies only to Refinancing, Home Equity loans, or 2nd Mortgages of your primary residence. It would not apply to lot loans because lot loans are considered a secondary transaction (not your primary residence). Also, Saturday would count as a rescission day. Sunday, or holidays do not count.
Does the 3 day right of rescission rule appply to car loans in HI?
Nope unless its a door to door sale there is no rescission period in the state of Hawaii.
What is the 3 day right of rescission in Washington State as regards to buying a car is this applicable to new cars?
Right of rescission does not apply to a car purchase, new or used.
Does the 3 day right of rescission rule apply in the state of MA?
yup
Does New Jersey's right of rescission law apply to leases for real estate?
No it doesnt
