12 C.F.R. § 1011.1

Current through November 30, 2024
Section 1011.1 - General

The purpose of this subpart A is to elaborate on the revocation rights in 15 U.S.C. 1703 , by enumerating certain conditions under which purchasers may exercise revocation rights. Generally, whenever revocation rights are available, they apply to promissory notes, as well as traditional agreements.

12 C.F.R. § 1011.1