Rescission Calendar The Rescission Period - Pertaining to Loan Documents When a loan contains a rescission option, also called the "Notice of Right to Cancel", this gives the borrower three business days from the signing date to cancel the loan. This is called the rescission period. A "Notice of Right to Cancel" will not be included in a set of loan documents for a purchase of a home or if the property is not the primary residence of the borrower, typically a rental property or vacation home. How to calculate the Rescission Date The rescission date is three business days after the signing date, the date the borrower receives the Truth in Lending Disclosure, or the date the borrower receives the "Notice of Right to Cancel", whichever occurs last. Business days include any day of the week except Sunday and the following federal legal holidays: New Year's Day Martin Luther King Day Presidents Day Memorial Day Juneteenth Independence Day Labor Day Columbus Day Veterans Day Thanksgiving Day Christmas Day In some cases Saturday may not be considered a business day. Some lenders may use varying dates when calculating their rescission, so if in doubt, call them. In the event a signing is performed on a federal legal holiday the rescission period will begin on the next business day. The rescission period ends at midnight on the third business day. In order to cancel the loan, the borrower must cancel before midnight of that date. Color Code for Calendars Blue: Sunday (Not counted as a rescission day) Red: Federal Legal Holiday Yellow: Federal Employee Observed Holiday (If legal holiday falls on a Saturday or Sunday) This calendar is provided as a reference tool by the Notary Learning Center for use by Loan Document Signers. We are not aware of any inaccuracies contained in the document but are not responsible for any that may appear herein.   September 2024 Sun Mon Tue Wed Thur Fri Sat 1   Ends 9/5 2 Labor Day Ends 9/5 3   Ends 9/6 4   Ends 9/7 5   Ends 9/9 6   Ends 9/10 7   Ends 9/11 8   Ends 9/11 9   Ends 9/12 10   Ends 9/13 11   Ends 9/14 12   Ends 9/16 13   Ends 9/17 14   Ends 9/18 15   Ends 9/18 16   Ends 9/19 17   Ends 9/20 18   Ends 9/21 19   Ends 9/23 20   Ends 9/24 21   Ends 9/25 22   Ends 9/25 23   Ends 9/26 24   Ends 9/27 25   Ends 9/28 26   Ends 9/30 27   Ends 10/1 28   Ends 10/2 29   Ends 10/2 30   Ends 10/3             October 2024 Sun Mon Tue Wed Thur Fri Sat             1   Ends 10/4 2   Ends 10/5 3   Ends 10/7 4   Ends 10/8 5   Ends 10/9 6   Ends 10/9 7   Ends 10/10 8   Ends 10/11 9   Ends 10/12 10   Ends 10/15 11   Ends 10/16 12   Ends 10/17 13   Ends 10/17 14 Columbus Day Ends 10/17 15   Ends 10/18 16   Ends 10/19 17   Ends 10/21 18   Ends 10/22 19   Ends 10/23 20   Ends 10/23 21   Ends 10/24 22   Ends 10/25 23   Ends 10/26 24   Ends 10/28 25   Ends 10/29 26   Ends 10/30 27   Ends 10/30 28   Ends 10/31 29   Ends 11/1 30   Ends 11/2 31   Ends 11/4