Irma, Lincoln County, Wisconsin: Browse Thousands of Acres of Land for Sale in Irma, Lincoln County, Wisconsin.
Wiktionary (0.00 / 0 votes) Rate this definition: rescind (Verb). To repeal, annul, or declare void; to take (something such as a rule or contract) out of effect. The agency will rescind the policy because many people are dissatisfied with it. Origin: From the rescindo, from re- + scindo.
Right of rescission means you have 3 days after you close on a refinance to cancel or rescind your loan. This does not apply to just any mortgage. It only applies to refinances on owner occupied properties. Investor refinances do not have this option.