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On a rescindable refinance, how many copies of the notice of the right to rescind must generally be given to each consumer who has the right to rescind?
a.One copy
b.Two copies
c.Four copies
d.No copies are required
Giải thích
Reg Z generally requires that each consumer entitled to rescind receive two copies of the notice of the right to rescind, so that one can be kept and one used to exercise the right if desired. All consumers with an ownership interest in the principal dwelling have the right to rescind, and any one of them exercising it cancels the transaction for all.
Trích dẫn luật: Truth in Lending Act (Right of Rescission, Reg Z 1026.23)Luyện miễn phí toàn bộ 400 câu hỏi — không cần đăng ký.
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