Homeowner's Right to Rescind Foreclosure Consultant Contract and Foreclosure Reconveyance Agreement; Timing

1. Law
2. Indiana Code
3. Trade Regulation
4. Mortgage Rescue Protection Fraud
5. Rescission of Contracts With Foreclosure Consultants and Foreclosure Reconveyance Agreements
6. Homeowner's Right to Rescind Foreclosure Consultant Contract and Foreclosure Reconveyance Agreement; Timing

Sec. 1. In addition to any other right under law to cancel or rescind a contract, a homeowner may rescind a:

(1) contract with a foreclosure consultant at any time before midnight of the seventh business day after the date the contract is signed; and

(2) foreclosure reconveyance agreement at any time before midnight of the seventh business day after the homeowner's transfer of the interest in the real property that is the subject of the agreement, as described in IC 24-5.5-2-4(1).

As added by P.L.209-2007, SEC.2.

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