FinancingMEDIUM
In Pennsylvania, a buyer can rescind a home equity loan within:
Correct Answer
B) 3 business days
Under federal law (TILA), which applies in Pennsylvania, borrowers have a 3-business-day right of rescission for home equity loans secured by their primary residence.
Answer Options
A
1 business dayB
3 business daysC
7 calendar daysD
30 daysVideo Explanation3 min
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Related Topics & Key Terms
Related Topics:
truth-in-lending-disclosurefederal-consumer-protection-lawshome-equity-loan-processloan-documents-timelinereverse-mortgage-rescission
Key Terms:
right of rescissionTILARegulation Zhome equity loan3 business days
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