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Exam term

Rescission right

A consumer's right under Truth in Lending to cancel certain credit secured by a principal dwelling until midnight of the third business day after the latest of consummation, notice and material disclosures. Purchase financing is exempt.

Lessons that use this term

  • Financing and credit laws: truth in lending, RESPA, and fair lending California
  • Truth in Lending and Regulation Z Texas

Exam prep

  • Insurance
  • Real Estate
  • SAFE MLO
  • SIE

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