Right of Rescission Letter

// right of rescission

Right of Rescission Letter

It is your right as a consumer to rescind your liability in any contract. If you entered into a contract without full disclosure or later noticed violations or fraud, you should rescind your contract immediately. Under 15 USC 1635, rescission terminates alleged contracts. Send this letter to the dealership, creditor, and anyone you are in contract with.

Back to dispute letters Date: [DATE] [YOUR NAME] [YOUR ADDRESS] [DEALERSHIP NAME] [DEALERSHIP ADDRESS] RE: RIGHT OF RESCISSION Dear [DEALERSHIP NAME], I, [YOUR NAME], Original Creditor and Natural Woman/Man hereby rescind my consent to be liable to perform on the contract agreement I entered with [DEALERSHIP NAME] on [DATE]. I entered into this contract agreement with [DEALERSHIP NAME] without: 1. Full disclosure of my right to rescind. 2. Transparency regarding the process of the consumer credit application being the financial asset (12 CFR 360.6(2)) as well as self-liquidating paper (17 CFR 260.11b-6). I have reason to believe that [DEALERSHIP NAME] willingly and knowingly took advantage of me and my consumer credit. I am not terminating or canceling this contract, I am deducting my liability to pay on behalf of the obligor as I have found several violations and fraud. Pursuant to 15 U.S. Code § 1635(b), upon receipt of this rescission I am not liable for any finance or other charge. Any security interest given by the obligor, including any such interest arising by operation of law, becomes void upon such a rescission. In addition, I was given false and deceptive information (violation of 1692e) as I was told that a down payment of {[AMOUNT]} was needed in order to drive off of the lot. Pursuant to 15 USC 1605a — a finance charge is the sum of all charges. Down Payment Reimbursement shall be made by check payable to: [YOUR NAME] [YOUR ADDRESS] Regards, [YOUR NAME] Without Prejudice, All Natural Inalienable Rights Reserved

Sending instructions

Send the rescission letter and rescission affidavit to the dealership, creditor, and anyone you are in contract with
Include a copy of your contract marked up with the violations you have found
Once your letter is sent, also file a complaint with the CFPB
Send via certified mail with return receipt
Keep a copy for your records
A right is something that cannot be taken away — exercise it firmly