Finance
An Arizona borrower who refinances their primary residence has a 3-day right of rescission under TILA, which means they can cancel the refinance within:
A1 business day
B3 business days after signing the loan documents (not including Sundays and federal holidays)✓ Correct
C3 calendar days
D30 days
Explanation
TILA's right of rescission for refinances of primary residences gives borrowers 3 business days (not counting Sundays and federal legal holidays) from signing, delivery of the TIL disclosure, or delivery of the rescission notice (whichever is latest) to cancel.
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