National Loan Auditors

Posts tagged ‘right of rescission’

Bank’s Notice of Error

February 5th, 2009

The forensic loan audit is a powerful tool to find errors within a loan. Once a borrower knows of the errors they can contact their lender. The lender then has a statutory duty to fix that problem.
Banks Duty to Borrower Upon Notice of Error in Loan
Under RESPA there is a safe harbor from [...]

This is the second post in a 3 part series that will discuss how the Truth in Lending Act address the right of rescission.

Grounds for Extended Rescission

As noted previously, the right to rescind normally lasts 3 days after consummation of the transaction, but can be extended for up to 3 years if the creditor [...]

National Loan Auditors provides forensic loan audits to consumers and lenders across the nation.  This blog is designed to provide information about what a forensic loan audit is and how it can assist both lenders and consumers.
Now that banks are beginning to accept the fact that loan modifications are going to be a part of [...]

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