Escrow & Title
A Washington homeowner refinances their primary residence. The homeowner has a 3-day right of rescission under the Truth in Lending Act (TILA). During this period, the homeowner may:
ABegin using the loan funds for improvements
BCancel the refinance transaction and receive a refund of any fees paid✓ Correct
CTransfer the loan to another lender
DLock in a different interest rate
Explanation
Under TILA's right of rescission (15 U.S.
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