Irma, Lincoln County, Wisconsin: Browse Thousands of Acres of Land for Sale in Irma, Lincoln County, Wisconsin.
Wiktionary (0.00 / 0 votes) Rate this definition: rescind (Verb). To repeal, annul, or declare void; to take (something such as a rule or contract) out of effect. The agency will rescind the policy because many people are dissatisfied with it. Origin: From the rescindo, from re- + scindo.
The right of rescission is a consumer protection law found within the Truth in Lending Act. The Truth in Lending Act (TILA), Title I of the Consumer Credit Protection Act, is aimed at promoting the informed use of consumer credit by requiring disclosures about its terms and costs.