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4.4 Flashcard Deck

Amanda Ukasick

Created on November 27, 2024

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Transcript

How should the notice of the right to rescind be given to the consumer?

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clearly and conspicuously.

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What does it mean if information is marked as unknown in disclosure documents?

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the information is not reasonably available at the time of disclosure.

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How many copies of the right to rescind notice must a lender provide to each consumer?

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two

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When does a consumer’s right to rescind expire?

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midnight of the third business day following consummation.