Notariziing Right To Cancel Form

 

The right to cancel form is to protect the borower(s) and is sometimes referred to as the right to rescission. The right to cancel form allows the borrower(s) the right to cancel the deal within three days. This is used more in timeshare sales then in traditional real estate, but may be used in both. Holidays and weekends are not counted as part of the three day period in the right to cancel form. There are two places to sign in the right to cancel form, so it is very important to make sure that you have

 

 

 

 

 

 


 

 

 

 

 

 

 

 

 


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the borrower sign the bottom line and not the section where they would sign if they wanted to cancel the deal. This can be a tricky document for first time notaries.

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