Literally means "to take back" or "cancel." If a borrower rescinds a mortgage loan, it is as if the mortgage loan never existed. Some borrowers have by law a right to "rescind" certain mortgage loans. Note: A Borrower is entitled to a refund all fees paid in connection with the loan if the Borrower exercises his right of rescission.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). rescind (also right of rescission). Retrieved September 28, 2026, from http://smartdefine.org/rescind_(also_right_of_rescission)/definitions/1162319 |
| Chicago | Barry Goldsmith. 2010. "rescind (also right of rescission)" http://smartdefine.org/rescind_(also_right_of_rescission)/definitions/1162319 (accessed September 28, 2026). |
| Harvard | Barry Goldsmith 2010, rescind (also right of rescission), Smart Define, viewed 28 September, 2026, <http://smartdefine.org/rescind_(also_right_of_rescission)/definitions/1162319>. |
| MLA | Barry Goldsmith. "rescind (also right of rescission)" 21 October 2010. Web. 28 September 2026. <http://smartdefine.org/rescind_(also_right_of_rescission)/definitions/1162319> |