The Truth-in-Lending Act gives consumers the right to rescind certain transactions for a period of:
A) seven business days from the date of the transaction or from the date that notice of the right to rescind is given, whichever comes first.
B) three business days from the date of the transaction or from the date that notice of the right to rescind is given, whichever comes first.
C) three business days from the date of the transaction or from the date that notice of the right to rescind is given, whichever is later.
D) seven business days from the date of the transaction or from the date that notice of the right to rescind is given, whichever is later.
E) five business days from the date of the transaction or from the date that notice of the right to rescind is given, whichever is later.

Question

Quizplus · Accepted Answer

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 Truth-In-Lending Act Gives Consumers the Right to Rescind Certain