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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.

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10y ago

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Related Questions

Does Ohio have a right of rescission rule for automobile loans?

no


Used car right of rescission?

There is no right of rescission on the purchase of an automobile. That only applies to unsolicited sales.


Do I have automobile right to rescission in three days in Colorado on a signed contract?

I have purchased a car that I am not happy with do I have the right of rescission within three days to cancel the sale?


Is there a 3 day right of rescission on auto loans in the state of Louisiana?

No, Louisiana does not provide a three-day right of rescission for auto loans. The right of rescission typically applies to certain types of loans secured by real estate, but auto loans are not included in this provision. Once an auto loan contract is signed, it is generally binding, and borrowers should carefully review the terms before finalizing the agreement.


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.


Is there a right of rescission on car purchases in MN?

No. The only time there would be a consumers' right of rescission is if the dealership contacted you at your home, brought the car to your home and signed the paperwork in your home. If you traveled to the dealership under your own free will, there is no right of rescission on the purchase of an automobile in the State of Minnesota.


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.


Does New Jersey's right of rescission law apply to leases for real estate?

No it doesnt


Does the 3 day right of rescission rule apply to construction loans?

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.


Does the 3 day right of rescission rule apply to car loans in Indiana?

No, it only applies to unsolicited purchases, not autos.


Is there a 3 day right of reScission on auto loans in Maryland?

No. Maryland does not offer a "cooling-off period" for vehicle purchases.