Description
Learn what the requirements for effective rescission demands are, and how a creditor can defend itself against such a claim.
Regulation Z rescissions can be costly and become more frequent when defaults and foreclosures rise. The regulatory requirements for such rescissions are detailed and complex and present a difficult playing field for borrowers and creditors. This program will help the listener learn what the requirements for effective rescission demands are and how a creditor can defend itself against such a claim. This material will examine the regulatory framework for such rescissions, who may exercise the right of rescission, and what a borrower must do to exercise that right properly. It will also explore when a creditor can successfully challenge such a demand and how a creditor can protect itself while meeting its obligations. With recession claims and lawsuits expected to increase whenever the number of defaults and foreclosures increase, the program will also examine how lenders can raise effective defenses in litigation.
Date: 2020-02-10 Start Time: End Time:
Learning Objectives