0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
California federal land project has days to rescind?
The California law for rescission of a land project is 14 days after the contract to purchase is signed. The federal law as applied to rescission rights in California adopt the same 14 days.
What is the right of rescission law in Ohio for timeshares?
The rescission time for time-shares in Ohio is 3 business days. The rescission period ends on the third business day at midnight.
Does Virginia have a right of rescission law for used cars?
No, they do not have a right of rescission law for used cars.
What is the meaning of rescission?
The act of rescinding, abrogating, annulling, or vacating; as, the rescission of a law, decree, or judgment.
Is there a Right of Rescission law in Delaware?
There is a right of rescission law in Delaware. It allows a loan to be rescinded one business day after loan proceeds are issued to the title borrower.
What is the law on right of rescission in Michigan?
There is NO right of recission for 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.
Is there a 3 day car rescission law in California?
The rescission law does not apply to the purchase of an automobile. Once you purchase a vehicle it is yours, and cannot be returned for a refund. The buyer's remorse law, or cooling off period, only applies to unsolicited sales.
Is a Car Purchase covered by the 3 day right of rescission law in California?
A car purchase is covered by the three day right of rescission in the state of California. The law actually reads as 72 hours, not three days.
Is there a 'right of rescission' law for used car purchases?
Generally speaking, no. Questions about law are best directed to a local lawyer, who will be familiar with the law in your area; since we have no way of knowing where you live, it's possible that your location does have such a law (though I don't believe any US state has a law granting an automatic right of rescission on used car purchases, and I know there's none in US federal law).This is complicated a little in that some states do have laws about a "right of recsission" for used car purchases. In California, for example, the seller of a used car must offer (as an option, which they can charge extra for) a contract rider on cars with a sale price of less than $40,000 that allows for the buyer to rescind the contract. In order to be able to exercise this right, the buyer must purchase the option at the time they purchase the car, so it's not an automatic right of rescission.
3 day car rescission law in California?
Nope, no such law. The buyer's remorse law does not apply to the purchase of a vehicle. You bought it, you own it.
Does the 3 day right of rescission rule apply to timeshare agreement?
YES! As a matter of Fact the rescission period in most of the cases is 5 to 10 days These days, almost all states or countries have this law of rescission period for timeshares. Typically it range from 3 days to 2 weeks. In US, rescission periods vary from state to state. The rescission period varies from state to state. It ranges from 3 days to 2 weeks. Absolutely. This law has been applied to almost all states nowadays.
