Under the TILA,consumers have the right to rescind a mortgage for up to:

Question

Quizplus · Accepted Answer

Under the TILA, consumers have the right to rescind a mortgage for up to three business days (Monday through Saturday) after signing. However, if the lender does not comply with the disclosure provisions of the TILA, consumers may have up to three years from the date of the mortgage to rescind the loan. Therefore, choice E is the correct answer as it includes both options.

Under the TILA,consumers Have the Right to Rescind a Mortgage