Code of Federal Regulations · Section
§ 1011.2 — Revocation Regardless Of Registration
12 C.F.R. § 1011.2
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All purchasers have the option to revoke a contract or lease with regard to a lot not exempt under §§ 1010.5 through 1010.11 and 1010.14 until midnight of the seventh day after the day that the purchaser signs a contract or lease. If a purchaser is entitled to a longer revocation period under state law, that period is deemed the Federal revocation period rather than the 7 days, and all contracts and agreements (including promissory notes) shall so state.
Authorizing Statute
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Rules, regulations, and orders15 U.S.C. § 1718
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Rulemaking authority12 U.S.C. § 5512