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hey everybody this is bill with notary coach comm today were talking about the right to cancel or the rescission period as its otherwise known as there are two main times as a mobile notary and signing agent that youre going to run into the notice of right to cancel the first is and primarily for refinances when somebody refinances their primary residence there is a mandatory three-day right to cancel those transactions so thats called the rescission period and they actually have three business days to change their mind with no penalties so to give you an example if you were to sign your refinance documents on Monday the rescission period technically starts on Tuesday so you have Tuesday Wednesday Thursday and then by midnight and Thursday your rescission period is over and the loan would close and fund on Friday those are the easiest loans to are the easiest loans to calculate the rescission period on for another great resource on that visit the National notary associations websi
