Truth in Lending: 10.3.2.2.1 General
The extended rescission right is terminated when the secured property has been sold or transferred.320 The sale or transfer of the property need not be voluntary to terminate the right to rescind the transaction.321 For example, a foreclosure sale of the consumer’s principal residence will generally terminate the consumer’s right to rescind.322 A mere judgment of foreclosure does not, however, terminate the right to rescind where the ac