FinancingFederal RegulationsHARD
TILA right of rescission:
Correct Answer
B) Refinances/HELOCs on primary residence, 3 business days
3-day cooling-off for refinances and home equity loans on primary residence. Not for purchase mortgages.
Answer Options
A
All mortgagesB
Refinances/HELOCs on primary residence, 3 business daysC
Purchase mortgagesD
Commercial loansWhy This Is the Correct Answer
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Related Topics & Key Terms
Related Topics:
TILAcooling-off
Key Terms:
rescission3 daysnot purchase
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