NOTICE OF RIGHT
TO CANCEL Your
Right to Cancel
You are entering into a new
transaction to increase the amount of credit previously provided to
you. Your home is the security for this new transaction. You have
a legal right under Federal law to cancel this new transaction, without
cost, within three business days from whichever of the following events
occurs last:
(1)
the date of this new transaction, which is
; or(2)
the date you received your new Truth in Lending disclosures; or
(3)
the date you received this notice of your right to cancel.
If you cancel this new transaction, it will not
affect any amount that you presently owe. Your home is the security
for that amount. Within 20 calendar days after we receive your notice
of cancellation of this new transaction, we must take the steps necessary
to reflect the fact that your home does not secure the increase of
credit. We must also return any money you have given to us or anyone
else in connection with this new transaction.
You may keep any money we have given you in
this new transaction until we have done the things mentioned above,
but you must then offer to return the money at the address below.
If we do not take possession of the money within 20 calendar days
of your offer, you may keep it without further obligation.
How to Cancel If you decide to cancel this new transaction, you may do so by notifying
us in writing, at
(creditor’s name and business address).
You may use any written statement that is signed
and dated by you and states your intention to cancel, or you may use
this notice by dating and signing below. Keep one copy of this notice
because it contains important information about your rights.
If you cancel by mail or telegram,
you must send the notice no later than midnight of
(date)
(or midnight of
the third business day following the latest of the three events listed
above).
If you send or deliver your written notice to cancel some
other way, it must be delivered to the above address no later than
that time.
I WISH TO CANCEL.
Consumer’s Signature Date
