All > Business > Finance > Personal Finance > Mortgage

• Period of three full days after closing in which the consumer is allowed to negate an owner occupied refinance transaction.

  State of New Jersey, Department of Banking & Insurance - Cite This Source - This Definition
  ×

  Cite Definition for Right of rescission

  American Psychological Association (APA)

  Right of rescission. (n.d.). Glossary of Common Mortgage Terms. Retrieved February 1, 2023, from website: http://www.expertglossary.com/definition/right-of-rescission.

  Chicago Manual of Style (CMS)

  Right of rescission. www.newjersey.gov. Glossary of Common Mortgage Terms. State of New Jersey, Department of Banking & Insurance. http://www.expertglossary.com/definition/right-of-rescission (accessed: February 1, 2023).

  Modern Language Association (MLA)

  "Right of rescission." Glossary of Common Mortgage Terms. State of New Jersey, Department of Banking & Insurance. 1 February. 2023 http://www.expertglossary.com/definition/right-of-rescission.

• Browse Related Terms: Adjustable-Rate Mortgage (ARM), amortization, balloon mortgage, Convertible ARM, Debarment, Fixed-Rate Mortgage (FRM), Interest-only mortgage, Lock-In, Lock-in agreement, Mortgage life insurance, Negative amortization, Payment Cap, Right of rescission, Self-Amortizing Loans, Swap, term, Weighted Average Life (WAL)

Also listed in:

• All > Business > Banking
• All > Business > Finance > Personal Finance
• All > Business > Real Estate