Under the MDIA, what happens if the consumer is not given the disclosures required regarding the loan terms?

Question

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Under the Mortgage Disclosure Improvement Act (MDIA), if the consumer is not given the required disclosures about the loan terms, they are granted a three-year right of rescission. This means the consumer can cancel the loan agreement within three years of the loan closing if the necessary disclosures were not properly made.

Under the MDIA, What Happens If the Consumer Is Not