Yep, that's exactly what happens:
https://duckduckgo.com/?q="domain+transfer"+"remaining+time"
(Can actually confirm that from this month's experience, so it's even freshly verified :)
(Can actually confirm that from this month's experience, so it's even freshly verified :)
I must say that I have never verified this myself, mostly because I've never needed it that bad. At least something worth looking into if that problem arises.