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A Debtor May Rescind a Contract Under the Truth in Lending

Question 6

Multiple Choice

A debtor may rescind a contract under the Truth in Lending Act:


A) only if the debtor's home is used as collateral.
B) only in the instance of a first mortgage on a home.
C) by way of oral notification to the creditor.
D) within 30 days after the purchase on credit.

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