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2020 Rescission Calendar For Signing Agents Now Available

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A 2020 rescission calendar to help Notary Signing Agents calculate cancellation periods for loan documents is now available online from the NNA.

For many loan signings handled by Signing Agents, a borrower is given the option of 3 business days to cancel, starting with the next business day after the loan papers are signed.

Since every day except Sunday and certain federal holidays is considered a business day, a loan document signing that takes place on or near a weekend or federal holiday may have its rescission period affected as a result.

For example, since Martin Luther King Day is a federal holiday that always falls on a Monday, it does not count toward the 3-day rescission period for any loan documents signed on the previous Saturday or Sunday.

The online rescission calendar provides a helpful reference when NSAs need to check rescission dates for a loan document signing during 2020.

David Thun is an Associate Editor at the National Notary Association.

 

 

4 Comments

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Jennifer Knowles

23 Dec 2019

What a great tool. Thank you.

Linda Burt

26 Dec 2019

I prefer a revision calendar for the entire year on one or two pages. Easier to carry and use.

Pamela Henley

30 Dec 2019

Please send me the calendar & halve a great new year

National Notary Association

30 Dec 2019

You can access the calendar online here: https://www.nationalnotary.org/knowledge-center/signing-agent-resources/signing-agent-tools/rescission-calendar

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