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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

Can I ever waive my right to rescind on my mortgage loan?

Yes. You can waive your right of rescission (your right to cancel your transaction within three business days for your refinance or home equity line of credit).

If you have a "bona fide personal financial emergency.” However, if you waive your right to rescind, you might lose your right to rescind the mortgage transaction (unless there is proof of fraud.).

You must give the lender your own written statement (pre-printed forms are not allowed) describing the emergency and clearly stating that you are waiving your right to rescind. The statement must be dated and signed by you and anyone else who shares in the ownership of the home.

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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.