Finance
Nebraska's 'Truth in Lending Rescission' right applies to which transactions?
AAll home purchases
BNon-purchase refinances and home equity loans secured by the borrower's primary residence✓ Correct
CAll mortgage transactions over $500,000
DInvestment property purchases only
Explanation
The 3-day right of rescission under TILA applies only to non-purchase transactions secured by the consumer's principal dwelling — refinances, home equity loans, and HELOCs. It does NOT apply to purchase money mortgages.
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