RD 1940-43 Notice of Right to Cancel

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Form RD 1940-43
(Rev. 8-00)

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Form Approved OMB
No. 0575-0172
Expiration Date
mm/dd/yy

UNITED STATES DEPARTMENT OF AGRICULTURE

Rural Housing Service
Rural Business-Cooperative Service
Rural Utilities Service

Type Loan
Amount Financed

NOTICE OF RIGHT TO CANCEL

$

To:

Your Right to Cancel You are entering into a transaction that will result in a mortgage on your home. You have a legal right under
Federal law to cancel this transaction, without cost, until midnight of the third business day after, whichever of the following events
occurs last:
(1) the date of closing of the transaction,
(2) the date you received your Truth in Lending disclosure,
(3) the date you received this notice of your right to cancel.
If you cancel the transaction, the mortgage is also canceled. Within 20 calendar days after we receive your notice, we must take the
steps necessary to reflect the fact that the mortgage on your home has been canceled, and we must return to you any money or property
you have given to us or to anyone else in connection with this transaction.
You may keep any money or property we have given you until we have done the things mentioned above, but you must then offer to
return the money or property. If it is impractical or unfair for you to return the property, you must offer its reasonable value. You may
offer to return the property at your home or at the location of the property. Money must be returned to the address below. If we do not
take possession of the money or property within 20 calendar days of your offer, you may keep it without further obligation.
How to Cancel
If you decide to cancel this transaction, you may do so by notifying the Agency as indicated above in writing, at
USDA,

(Field Office Address)
You may use any written statement that is signed and dated by you and states your intention to cancel, or you may use this notice by
dating and signing below. Keep one copy of this notice because it contains important information about your rights.
If you cancel by mail or telegram, you must send the notice no later than midnight of
,20
(or midnight of the
third business day following the latest of the events listed above). If you send or deliver your written notice to cancel some other way, it
must be delivered to the above address no later than that time.
I WISH TO CANCEL

(Signature)

(Date)

A federal agency may not conduct or sponsor, and a person is not required to respond to, nor shall a person be subject to a penalty for failure to comply with
a collection of information subject to the requirements of the Paperwork Reduction Act unless that collection of information displays a currently valid OMB Control
Number. The OMB Control Number for this information collection is 0575-0172. Public reporting for this collection of information is estimated to be approximately 5
minutes per response, including the time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, completing and
reviewing the collection of information. All responses to this collection of information are voluntary. However, in order to obtain or retain a benefit, the information in
Form RD 1940-43 (Rev. 8-00)
this form is required (cite authority). Rural Development has no plans to publish information collected under the provisions of this program. Send comments regarding
this burden estimate or any other aspect of this collection of information, including suggestions for reducing this burden to: Information Collection Clearance Officer,
Rural Development Innovation Center, Regulations Management Division at [email protected]

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