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§ 1011.1 General.

12 CFR 1011.1

Citation12 CFR 1011.1
CorpusDaily eCFR
Displayed edition2026-09-01
Last updated2026-09-01

§ 1011.1 General.

The purpose of this subpart A is to elaborate on the revocation rights in 15 U.S.C. 1703, by enumerating certain conditions under which purchasers may exercise revocation rights. Generally, whenever revocation rights are available, they apply to promissory notes, as well as traditional agreements.