Finance
Texas law requires that a Notice of Right to Cancel (right of rescission) be given to borrowers in which of the following transactions?
APurchase of a new home with a conventional mortgage
BRefinancing of a primary residence✓ Correct
CInvestment property cash-out refinance
DCommercial mortgage transactions
Explanation
Under TILA, the right of rescission applies to refinance and home equity transactions secured by the borrower's primary residence. It does not apply to purchase money mortgages, commercial transactions, or investment properties.
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