Technical Question - Notice of Right to Cancel Forms

[SoCalAngelFan]

Hello,

I've looked at this site a lot and this is my first time posting. I have a technical question. We are currently refinancing our home and last week we signed closing docs. At the time of closing we recieved a the three day rescission form in duplicate copies, as expected. However, we were recently provided a new Notice to Cancel form to sign to essentially starting the 3 days over again. I asked the representative at the mortgage company why we were being asked to sign a new 3 day notice to cancel form and wanted to ensure no other docs (TILA, Deed of Trust, Note) warranted a new form to be signed. I was told that it was the form itself (Notice to Cancel form) that was not correct and that is why they were providing us an updated copy that needed to be signed.

The only difference between the original Notice to Cancel form and the new one we were asked to sign is the following:

1) The original form provided to us at Doc Signing says "NMFL#0141 Same Lender" in the lower left hand corner, and is titled "Notice of Right to Cancel For Credit Increase"
2) The new form says "NMFL# 0140 Different Lender" in the lower left hand corner and is titled "Notice of Right to Cancel".

Other than that the two forms are identical. I was wondering if anyone knew the technical differences between these two forms, as I am wondering why they have asked us to sign this.

Thanks.

[Evan Bedard]

1) The original form provided to us at Doc Signing says "NMFL#0141 Same Lender" in the lower left hand corner, and is titled "Notice of Right to Cancel For Credit Increase"
2) The new form says "NMFL# 0140 Different Lender" in the lower left hand corner and is titled "Notice of Right to Cancel".

Welcome and thanks for joining the forum.

Personally I'm not too sure why they would list a different lender on the new notice to cancel form. You can try writing to member Erik Sandstrom here in the forum, he handles refinances on a regular basis.. You can find him in the thread below..

ARP Now Accepting loans with MI!!!!