The Truth-in-Lending Act gives debtors the right to rescind certain transactions for a period of ______ business days from the date of the transactions or from the date they are given the notice of their right to rescind,whichever is later.

Question

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The Truth-in-Lending Act gives debtors the right to rescind or cancel certain transactions for a period of three business days from the date of the transactions or from the date they are given the notice of their right to rescind, whichever is later. The act also allows consumer-borrowers to rescind their mortgage agreements altogether if lenders have failed to comply with important disclosure provisions.

The Truth-In-Lending Act Gives Debtors the Right to Rescind Certain