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A:
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Right to Cancel is calculated as follows:
Transaction Date is the date the documents are signed with the Right to
Cancel beginning on the next day and continues for three days skipping
the above days (provided the following day is not a Federal
Holiday (New Year's Day, Martin Luther King Jr.'s birthday, Presidents
Day, Memorial Day, Independence Day, Labor Day, Columbus Day, Veterans
Day, Thanksgiving Day, or Christmas Day) or Sunday). (Note: Some lenders
do not count Saturday so be sure to review the RTC instructions, if no
mention of Saturday is made, then Saturday is counted as a business day). |