Posted by LynnNC on 4/18/07 10:46am
Msg #185826

I am having brain drain . . .

what is the name of the form borrowers sign if they want to waive the recission period?

Reply by PL on 4/18/07 10:52am
Msg #185830

I believe

that it is a handwritten page from the borrowers explaining the circumstances

Reply by PL on 4/18/07 10:58am
Msg #185831

here's a bit more

(e) Consumer's waiver of right to rescind. (1) The consumer may
modify or waive the right to rescind if the consumer determines that the
extension of credit is needed to meet a bona fide personal financial
emergency. To modify or waive the right, the consumer shall give the
creditor a dated written statement that describes the emergency,
specifically modifies or waives the right to rescind, and bears the
signature of all the consumers entitled to rescind. Printed forms for
this purpose are prohibited, except as provided in paragraph (e)(2) of
this section.
The rest of this section can be found @ http://www.kybanks.com/uploads/comregz.html#226.23

Reply by LynnNC on 4/18/07 12:49pm
Msg #185843

Thanks! n/m