Sacramento Mobile Notary Public 2013
Certified Loan Signing Agent - Spanish Translation - Apostille - Fingerprinting
Rescission Calendar
The Rescission Period - Pertaining to Loan Documents
When a loan contains a rescission option, also called the "Notice of Right to Cancel", this gives the borrower three business days from the signing date to cancel the loan. This is called the rescission period. A "Notice of Right to Cancel" will not be included in a set of loan documents for a purchase of a home or if the property is not the primary residence of the borrower, typically a rental property or vacation home.
How to calculate the Rescission Date
The rescission date is three business days after the signing date, the date the borrower receives the Truth in Lending Disclosure, or the date the borrower receives the "Notice of Right to Cancel", whichever occurs last.
Business days include any day of the week except Sunday and the following federal legal holidays:
New Year's Day
Martin Luther King Day
Presidents Day
Memorial Day
Independence Day
Labor Day
Columbus Day
Veterans Day
Thanksgiving Day
Christmas Day
In some cases Saturday may not be considered a business day. Some lenders may use varying dates when calculating their rescission, so if in doubt, call them. In the event a signing is performed on a federal legal holiday the rescission period will begin on the next business day. The rescission period ends at midnight on the third business day. In order to cancel the loan, the borrower must cancel before midnight of that date.
Color Code for Calendars
Blue: Sunday (Not counted as a rescission day)
Red: Federal Legal Holiday
Yellow: Federal Employee Observed Holiday (If legal holiday falls on a Saturday or Sunday)
Read more about this reference tool at the Notary Learning Center
March 2013 Right To Cancel, Rescission Calendar Download
Right of Rescission Calendar
Closing Rescission
RescissionSigningExpiration
Expiration DateDate
Date03/08/1303/12/13
03/12/1303/09/1303/13/13
03/13/1303/10/1303/13/13
03/13/1303/11/1303/14/13
03/14/1303/12/1303/15/13
03/15/1303/13/1303/16/13
03/16/1303/14/1303/18/13
03/18/1303/15/1303/19/13
03/19/1303/16/1303/20/13
03/20/1303/17/1303/20/13
03/20/1303/18/1303/21/13
03/21/1303/19/1303/22/13
03/22/1303/20/1303/23/13
03/23/1303/21/1303/25/13
03/25/1303/22/1303/26/13
03/26/1303/23/1303/27/13
03/27/1303/24/1303/27/13
03/27/1303/25/1303/28/13
03/28/1303/26/1303/29/13
03/29/1303/27/1303/30/13
03/30/1303/28/1304/01/13
04/01/1303/29/1304/02/13
04/02/1303/30/1304/03/13
04/03/1303/31/1304/03/13
04/03/13Sergio Musetti, Italian, SpanishSacramento Mobile Notary
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