Legal Question in Consumer Law in Illinois

home equity loan

do i have a certain amount of time to change my mind and cancel the process?


Asked on 1/30/08, 8:46 pm

1 Answer from Attorneys

Thomas Moens Moens Law Offices, Chartered

Re: home equity loan

You have a three day right to cancel, IF the mortgage is against your residence. If it is investment, commercial, vacant, there is no right to cancel.

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Answered on 2/01/08, 8:08 am


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