Finance
The 'three-day right of rescission' under TILA applies to which NH transaction?
AAll real estate purchases
BRefinancing of a homeowner's principal residence using a non-purchase mortgage✓ Correct
CAll commercial real estate loans
DOnly FHA loans
Explanation
The three-day right of rescission applies to refinances and second mortgages/HELOCs on a borrower's primary residence — not to purchase money mortgages. The borrower has 3 business days after signing to cancel.
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