To which of the following does the three-day rescission period not apply?

Name: To which of the following does the three-day rescission period not apply?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The three-day rescission period, which allows consumers to cancel certain types of loans within three days, does not apply to the issuance of a new credit card. This period typically applies to loans secured by the borrower's primary residence, such as home equity lines of credit and second mortgages, but not to credit card agreements.

To Which of the Following Does the Three-Day Rescission Period