Kansas City Missouri Notice of Right of Rescission or Right to Cancel regarding Mortgage, Lien or Security Interest on Borrowers' Residence

State:
Multi-State
City:
Kansas City
Control #:
US-03282BG
Format:
Word; 
Rich Text
Instant download

Description

According to 12 CFR 226.23, in a credit transaction in which a security interest is or will be retained or acquired in a consumer's principal dwelling, each consumer whose ownership interest is or will be subject to the security interest shall have the right to rescind the transaction, with some exceptions. To exercise the right to rescind, the consumer shall notify the creditor of the rescission by mail, telegram or other means of written communication. Notice is considered given when mailed, when filed for telegraphic transmission or, if sent by other means, when delivered to the creditor's designated place of business. The consumer may exercise the right to rescind until midnight of the third business day following consummation, delivery of the notice
required by paragraph (b) of this section, or delivery of all material disclosures, whichever occurs last.


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FAQ

With its rich history and thriving arts scene, Kansas City draws visitors to world-class museums like the Nelson-Atkins Museum of Art and the Negro Leagues Baseball Museum. The city's jazz heritage, showcased in lively venues along 18th and Vine, offers a unique musical experience.

The reality is that the city straddles the neighboring states of Missouri and Kansas due to a complicated history that has lasted nearly two centuries. Kansas City, Missouri (KCMO), and Kansas City, Kansas (KCK), are separately incorporated cities that come together to form the greater Kansas City Metropolitan area.

Walt Disney opened his first animation studio in Kansas City, Laugh-O-Gram studios, where he fed a small rodent that became the inspiration for Mickey Mouse. Hallmark, the largest greeting card maker in the world, began in KC in 1910 when Joyce C. Hall began selling postcards out of two shoeboxes at the local YMCA.

City founders derived the name from the Kansas, or Kaw, River which was named for the Kansa Indians. The state of Missouri then incorporated the area as the City of Kansas in 1853 and renamed it Kansas City in 1889. Why is there a Kansas City in both Kansas and Missouri? | KC History kchistory.org ? faq ? why-there-kansas-city-both-... kchistory.org ? faq ? why-there-kansas-city-both-...

Team History The Chiefs won three AFL championships in the 1960s, becoming the team with the most championships in the short-lived AFL. They also won their first Super Bowl when they defeated the Minnesota Vikings, 23-7, in 1970.

Fertile farmland is one of the state's top natural resources. The state's most abundant crop is wheat?no other U.S. state produces as much. In fact, Sumner County, Kansas, is sometimes called the Wheat Capital of the World!

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Kansas City Missouri Notice of Right of Rescission or Right to Cancel regarding Mortgage, Lien or Security Interest on Borrowers' Residence