A consumer has a right to cancel a home loan seven days after entering the contract.

Name: A consumer has a right to cancel a home loan seven days after entering the contract.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

In the United States, the right to cancel a home loan, known as the "right of rescission," typically applies to refinancing transactions and allows consumers to cancel within three business days, not seven, after signing the loan agreement.

A Consumer Has a Right to Cancel a Home Loan