Contracts
Vermont's Right of Rescission under TILA allows borrowers to cancel certain refinance transactions within:
A24 hours
B3 business days✓ Correct
C7 calendar days
D10 business days
Explanation
Under TILA, borrowers refinancing their primary residence (not a purchase) have a 3-business-day right of rescission after consummation, receipt of the disclosure, or receipt of the notice of rescission right, whichever is latest.
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