Finance
A Virginia borrower is refinancing their home. The right of rescission under TILA allows them to cancel within:
A1 business day
B3 business days✓ Correct
C5 business days
D7 calendar days
Explanation
TILA provides a 3-business-day right of rescission on non-purchase refinances of a primary residence. This gives borrowers time to reconsider the new loan terms.
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