My lender or broker never provided me with the notice of a right to rescind for a mortgage loan. What can I do?

If you never received the Truth-in-Lending disclosure or the Notice of Right to Rescind from the lender and you were entitled to receive one, you may still be able to rescind your mortgage loan. However, this must happen during the first three years after you sign the mortgage contract, or before you sell your home – whichever occurs first. If you think you need to rescind your mortgage loan on this basis, you may want to consult an attorney. Remember, you will have to give back the money that you borrowed if you rescind the loan.

Was this page helpful to you?

Note: Do not include sensitive information like your name, contact information, account number, or social security number in this field.

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.

Read full answer Hide full answer