Finance
Under Regulation Z, a Maryland lender must give borrowers a right of rescission on which type of loan?
APurchase money mortgage for a primary residence
BRefinances and home equity loans secured by the borrower's primary residence✓ Correct
CAll mortgage loans regardless of type
DOnly commercial loans
Explanation
Regulation Z's right of rescission applies to refinances and home equity loans against a primary residence — NOT to purchase money mortgages. The borrower has 3 business days to cancel.
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