Finance
A Massachusetts homeowner refinances their mortgage. The right of rescission under TILA allows them to cancel the refinance within:
A24 hours of signing
B3 business days of signing✓ Correct
C7 business days of signing
D30 days of signing
Explanation
TILA's right of rescission gives borrowers 3 business days to cancel a refinance of their primary residence. This right does not apply to purchase loans.
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