Finance
Under the Home Equity Loan Consumer Protection Act, homeowners have a right of rescission for how many business days after signing a home equity loan?
A1 business day
B2 business days
C3 business days✓ Correct
D5 business days
Explanation
TILA provides homeowners a 3-business-day right of rescission for non-purchase money loans (such as home equity loans and refinances) secured by their primary residence.
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