---
kind: "section"
citation: "12 C.F.R. § 1011.2"
title: "12"
number: "1011.2"
heading: "Revocation regardless of registration."
url: "https://uscodex.org/cfr/12/1011.2"
---

# §1011.2. Revocation regardless of registration.


All purchasers have the option to revoke a contract or lease with regard to a lot not exempt under §§ [1010.5 through 1010.11](/cfr/12/1010.5..1010.11.md) and [1010.14](/cfr/12/1010.14.md) until midnight of the seventh day after the day that the purchaser signs a contract or lease. If a purchaser is entitled to a longer revocation period under state law, that period is deemed the Federal revocation period rather than the 7 days, and all contracts and agreements (including promissory notes) shall so state.


## Notes

### Authority

Authority: 12 U.S.C. 5512, 5581; 15 U.S.C. 1718.

### Source

Source: 76 FR 79522, Dec. 21, 2011, unless otherwise noted.