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We're the Consumer Financial Protection Bureau (CFPB), a U.S. government agency that makes sure banks, lenders, and other financial companies treat you fairly.

Learn how the CFPB can help you

Are there situations where I would not have a right of rescission?

The right of rescission does not apply in every case where your home is used as collateral for the loan. For example, you do not have the right of rescission when:

  • Your loan is used to purchase or build your principal home
  • You consolidate or refinance with the same creditor a loan that is already secured by your home, and no additional funds are borrowed
  • A state agency is the creditor for the loan
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The content on this page provides general consumer information. It is not legal advice or regulatory guidance. The CFPB updates this information periodically. This information may include links or references to third-party resources or content. We do not endorse the third-party or guarantee the accuracy of this third-party information. There may be other resources that also serve your needs.