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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. Specific Relief Act 1963 - Wikipedia

    en.wikipedia.org/wiki/Specific_Relief_Act_1963

    Also, there is a category of contracts which, for some reason or the other (e.g. lack of free consent) can be deemed voidable by the party which consent was not free. This party has the right to have the contract rescinded. Relief by way of rescission is provided by Chapter IV of the Specific Relief Act.

  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. 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 ...

  7. Mistake (contract law) - Wikipedia

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

    Collateral mistakes will not afford the right of rescission. A collateral mistake is one that "does not go to the heart" of the contract. For a mutual mistake to render a contract void, then the item the parties are mistaken about must be material (emphasis added). When there is a material mistake about a material aspect of the contract, the ...

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