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Is there a 3 day right of rescission on a Home Equity Line of Credit?



when does it start??? do saturdays and sundays count???

Yes...... it's call Notice of Right to Cancel. The bank legally needs to give you 3 bus.days to decide whether you want to take the line or not. They give you a specific day to return your signed notice... if you do not return your signed notice by that specific date..., the bank will assume that you are not cancelling......and at that point your are responsible for that line.
to piggyback on the last question....the day after you sign counts as the 1st business day and yes, Saturdays do count, but Sundays do not! Example...you sign on Monday and the money is available to you on Friday!
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