how to exercise the right of rescission
as mentioned the lender is required to provide you with a notice explaining your right to cancel and how to go about it basically you must mail or deliver a written notice to the lender that you are exercising your right to rescission and cancelling the loan the law written decades ago also allows for delivery by telegram 1 you cannot cancel by other means such as a phone call or in person conversation with the lender 4as the law explains notice is considered given when mailed when filed for telegraphic transmission or if sent by other means when delivered to the creditor s designated place of business 1