5.1 TILA 3-Day Rescission Calendar & RON Security
Calculate Truth in Lending Act (TILA) 3-business-day rescission windows and master multi-factor RON credential analysis.
Key Blueprint Takeaways
- The 3-day right of rescission begins the day AFTER signing; Sundays and legal federal holidays are excluded.
- Saturdays count as business days under TILA Regulation Z.
- Remote Online Notarization (RON) requires both automated Credential Analysis and dynamic Knowledge-Based Authentication.
Loan Signing Agents (LSAs) facilitate the closing of real estate mortgages, verifying that all loan documents (Promissory Notes, Deeds of Trust, Closing Disclosures) are properly executed and notarized.
Under Regulation Z (TILA), borrowers refinancing their primary home have a 3-business-day cooling-off period to cancel the transaction. LSAs must master the rescission calendar to ensure lender funds disburse on schedule.
In a residential refinance transaction, a borrower signs a loan package with a Loan Signing Agent (LSA) on a Tuesday. Under the Truth in Lending Act (TILA / Regulation Z), how is the borrower's 3-business-day Right of Rescission cancellation window calculated?