Finance
A Texas borrower who received a Predatory Lending TILA violation (like inadequate disclosure) may have the right to rescind the loan for up to:
A3 business days
B3 years for violations of TILA's material disclosure requirements✓ Correct
C7 days
D1 year from closing
Explanation
TILA provides an extended rescission right of up to 3 years for material violations of TILA disclosure requirements (as opposed to the standard 3-business-day rescission for routine right-of-rescission transactions). This extended right is rare but significant when it applies.
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