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  2. Right of rescission: Canceling a HELOC, home equity loan or ...

    www.aol.com/finance/rescission-canceling-heloc...

    The right of rescission gives you the legal grounds to rescind (hence the name) your portion of certain home financing agreements. In other words, a rescission, in mortgage speak, is your chance ...

  3. Rescission (contract law) - Wikipedia

    en.wikipedia.org/wiki/Rescission_(contract_law)

    First, where a party to a contract exercises an express right of termination, he or she is sometimes said to have exercised a right to rescind the contract. Secondly, where a party is faced with a repudiation, the party can elect to terminate the contract; this too has often been referred to as an election to rescind. "Rescission" at common law.

  4. Right of Rescission: What It Is, When It Starts, and More - AOL

    www.aol.com/news/rescission-starts-more...

    The Truth in Lending Act (TILA), or Regulation Z, is a federal law that protects you from unfair and predatory lending practices. Under TILA, you have the right to rescission. This is a consumer ...

  5. Deed in lieu of foreclosure - Wikipedia

    en.wikipedia.org/wiki/Deed_in_lieu_of_foreclosure

    The 2-year right of rescission is not a risk that banks or title insurers are comfortable with, especially given the complexities of compliance, so many banks and title insurers in New York are not willing to work with deeds in lieu. [citation needed]

  6. Sherwood v. Walker - Wikipedia

    en.wikipedia.org/wiki/Sherwood_v._Walker

    Rescission Walker , 66 Mich. 568, 33 N.W. 919 (Mich. 1887), [ 1 ] was a case that has played an important role in the evolution of American contract law involving the doctrine of mutual mistake . One of the main issues in the case was whether the remedy of rescission is available if both parties to a contract share a misunderstanding about an ...

  7. Impoundment of appropriated funds - Wikipedia

    en.wikipedia.org/wiki/Impoundment_of...

    The Impoundment Control Act of 1974 provides that the president may propose rescission of specific funds, but that rescission must be approved by both the House of Representatives and Senate within 45 days. In effect, the requirement removed the impoundment power, since Congress is not required to vote on the rescission and, in fact, has ...

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