VIEWS: 754 PAGES: 4 CATEGORY: Other Personal Legal Documents and Forms POSTED ON: 5/17/2010
This affidavit is a written statement, made under oath by a borrower to waive his or her right to rescind a certain loan agreement. Under most state laws, borrowers are given the right of rescission which allows them to back out of certain loans within a certain time frame without losing money. The laws were enacted as a means of protection for borrowers. This affidavit is used when the borrower wishes to waive the right of rescission due to an emergency in order to receive the money immediately.
"Waiver of Right of Recession"