A Virginia homeowner refinances their mortgage. Under federal law (the right of rescission under TILA), they have the right to cancel the transaction within:

Explanation

TILA provides a 3-business-day right of rescission for refinances of a primary residence (not applicable to purchase transactions). The right runs from the later of: the closing date, delivery of the Notice of Right to Rescind, or delivery of all required material disclosures.