Notary Signing Agent Document FAQ: Notice of Right to Cancel (2024)

Thank you for this article! I have 2 questions. 1) If the dates are filled in, but they appear to not allow for Sundays and Holidays for the 3 business days, (and we can't get in touch with the lender as is sometimes the case). are you advising that we are to make changes that conform to the calendar?2) Generally, we are making a client copy of the docs to leave with the signer. These, of course, are unsigned. Often, there are 3, 4, 5, 6, copies of the Notice of Right to Cancel. I've been leaving the unsigned 2 or more copies (along with the rest of their client copy of the package) with the signer and returning all signed docs to the lender or contracting company. Are we supposed to leave signed notices with the signer? Or simply allow them to get copies of all executed docs from their lender?Thanks!

Hi Alan. To help us answer your question, can you please tell us what state you are commissioned in? If you need an answer right away, you can also contact our NNA Hotline Team at hotline@nationalnotary.org. If you are not an NNA member, they will be happy to answer one complementary question.

I was told by a loan official that all types of refinancing loans etc. Even if it is not a primary residence, such as a rental property, can be canceled within 3 business days. They told me the the Right of Recision form is not required to be in the documents.

Thank you, I hope everyone reads this, we find this still the most elusive document.

What if a document is already notarized and signed by the notary before you are asked to sign it. Will it hold up in a lease agreement?Can the notary be penalized for doing this?

Based on what you’ve described, we think it would be best if you contacted our Hotline team by phone and provided them with a more detailed description of the situation.The NNA Hotline: 1-888-876-0827Mon – Fri: 5:00 a.m. – 7:00 p.m. (PT)Saturday: 5:00 a.m. – 5:00 p.m. (PT)If you’re not an NNA Member or Hotline Subscriber, they will provide you with a one-time courtesy call.

I am a Florida Notary Loan Signing Agent. Where do I get a copy of Notice of Right to Cancel document?

Hello. A Notice of Right to Cancel document is normally provided as part of a loan document package for a loan signing assignment. If you are looking for a sample form, you can click the image in the article above to open a printable PDF of a sample document.

On the bottom of this Notice of right to cancel, do the borrowers also date on the signing date?

Based on what you’ve described, we think it would be best if you contacted our Hotline team by phone and provided them with a more detailed description of the situation.The NNA Hotline: 1-888-876-0827Mon – Fri: 5:00 a.m. – 7:00 p.m. (PT)Saturday: 5:00 a.m. – 5:00 p.m. (PT)If you’re not an NNA Member or Hotline Subscriber, they will provide you with a one-time courtesy call.

There is much confusion concerning the RTC. Some notaries say "send one signed back to title" and leave 'signed' ones with borrowers. Others say "send all three" and leave blanks with borrowers. Why would you leave 'signed' RTC with borrower when they have signed the bottom and not part where they sign to rescind? So, if we receive three copies, do we have borrower sign all three and do we send all three back and leave blanks with borrower?

Based on what you’ve described, we think it would be best if you contacted our Hotline team by phone and provided them with a more detailed description of the situation.The NNA Hotline: 1-888-876-0827Mon – Fri: 5:00 a.m. – 7:00 p.m. (PT)Saturday: 5:00 a.m. – 5:00 p.m. (PT)If you’re not an NNA Member or Hotline Subscriber, they will provide you with a one-time courtesy call.

In the state of Washington - What happens If the pre printed dates show an extra date (signed 12/22/2020 but RTC shows ends 12/28/2020)?

Based on what you’ve described, we think it would be best if you contacted our Hotline team by phone and provided them with a more detailed description of the situation.The NNA Hotline: 1-888-876-0827Mon – Fri: 5:00 a.m. – 7:00 p.m. (PT)Saturday: 5:00 a.m. – 5:00 p.m. (PT)If you’re not an NNA Member or Hotline Subscriber, they will provide you with a one-time courtesy call.

Which dates will never appear on the Notice Right to Cancel?a. Notarization date, b. transaction date, c. end of recession date, d. document preparation date.I have been asked and I can find the correct answer. Thank youcheri

When your loan docs have a blank RTC spot for the transaction date of the signing and a 2nd blank spot for the rescission date can the notary fill in those dates and explain to the signer what the dates mean to the signers?Then the signers initial the notaries hand written dates. The signers would finish the RTC by signing the signature line and dating it.I was notified that notaries cannot EVER fill in the dates and I could be sued for this. I was not aware that I could never fill in the dates for the RTC. If you could fill me in on this I would greatly be appreciated.

Based on what you’ve described, we think it would be best if you contacted our Hotline team by phone and provided them with a more detailed description of the situation.The NNA Hotline: 1-888-876-0827Mon – Fri: 5:00 a.m. – 7:00 p.m. (PT)Saturday: 5:00 a.m. – 5:00 p.m. (PT)If you’re not an NNA Member or Hotline Subscriber, they will provide you with a one-time courtesy call.

IN Montana, in a purchase, the buyer receives a right to cancel. The seller has already closed. When does the money move? Before, during or after the RTC has expired?

Hello. That is a question that would need to be answered by the lender.

Do first time homebuyers have r ight to cancel. I got a usda loan thru a bank and I was misled by the realtors and the condition of the home was hidden and not disclosed to me. Is there anyway out of this. I closed on the home already.

Hello. We are sorry, but that is a legal question we aren't authorized to answer. You would need to speak to a qualified attorney to ask for legal advice regarding your situation.

It is commonly called "right of recission". It means you can change your mind.

As a past escrow assistant in CA, besides telling notaries how many copies and the opportunities with wrong dates. You may want to educate them on WHERE on the form to have the client initial the printed date and then where to fill in the date. My husband is a loan officer, and the mobile notary in LA missed this and they had to come back to client to get them to add the date in the correct space. Maybe even remind them to examine the docs when signing is done while the client is there. Luckily this escrow still closed on time and they kept their rate.

Thank you to all contributors. I find this forum very helpful!

Regarding the right to cancel; I understand 3 copies are in the package, 2 to leave with client. The other is returned back to the mortgage company. However when I perform IPEN and RON signings why is there still 3 copies for clients to sign electronic when everything is electronic file automatically, and we can’t leave them a hard copy? Suggest verbiage should be changed to reflect Right To Cancel for electronic documents.

I need a document cancel report