3 Day Right of Rescission Calculator
Newly Added Calculators
3 Day Right of Rescission Calculator
Many consumer refinance rescissions use three business days after consummation (Sundays skipped; federal holidays are not modeled here). The tool starts counting the calendar day after your signing date.
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What is 3 Day Right of Rescission Calculator?
Calculates the expiration of the borrower’s 3-business-day right to cancel a refinance or home equity loan under TILA.
3 Day Right of Rescission Calculator Formula / Method
3 Day Right of Rescission Calculator Worked Example
Loan closed Monday June 3; documents complete Tuesday June 4
Day 1: Wed June 5
Day 2: Thu June 6
Day 3: Fri June 7
Rescission expires at midnight Fri June 7
Where 3 Day Right of Rescission Calculator Is Applied
- Mortgage lenders scheduling disbursement
- Title companies coordinating closings
- Borrowers verifying cancellation rights
- Real estate attorneys auditing TILA compliance
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