Opinion   The Constitution of the United States of America is the Supreme Law of the Land in the United States and all subsequents laws legislated, enforced and tried musâ¦t conform to the Constitution if they are to have any force of law or weight.
*Make sure this 3 day right of rescission form complies with your local real estate laws before using it. If you have any doubts, you can ask a real estate lawyer online. Notice of Right to Cancel. You may CANCEL this transaction, without any penalty or obligation, within THREE BUSINESS DAYS from the above date.
A: No. Although there is a federal law that gives you three days to cancel a home loan commitment, it does not give you the right to cancel a purchase contract and get a refund of your earnest money. resolve the dispute in writing or until a court decides.