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Under 15 U.S.C. § 1635 and Reg Z 12 C.F.R. § 1026.23, borrowers have an absolute right to rescind certain home-secured loans within 3 business days of closing — or up to 3 years if the lender failed to provide required disclosures. After rescission the lender must cancel the security interest and return all fees within 20 days. You can read through the wizard now; it produces the document once its rules are reviewed by a licensed attorney.
The TILA rescission notice template is waiting for a licensed attorney to review its rule data. Until then SynthCounsel does not produce this document, so answering the questions will not give you one.
You can still read through the questions to see what it asks and what to gather.
If a debt collector is calling about this loan, invoke your right to silence them while you pursue rescission.
Open the cease-and-desist wizardIf the lender or servicer has reported this loan to the credit bureaus, dispute the tradeline under § 1681i while rescission is pending.
Open the FCRA wizard