Under the Consumer Credit Protection Act,a consumer has three days to withdraw from any credit obligation secured by a mortgage on his home,even if the contract was not the result of a door-to-door sale.

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This provision is known as the right of rescission and applies to all loans secured by a consumer's principal dwelling, not just those resulting from door-to-door sales. The Consumer Credit Protection Act gives consumers three business days to rescind the loan without penalty, fees, or interest charges.

Under the Consumer Credit Protection Act,a Consumer Has Three Days