Which of the Following Is True About a Line of Credit

question 85

Multiple Choice

Which of the following is true about a line of credit secured by the equity in the debtor's home?

• A)There is a three-day rescission period
• B)The same levels of disclosure for other types of credit are not required
• C)The monthly payments need not be disclosed
• D)All of the above are true.

---

Definitions:

Microsoft Outlook

An email and personal information management software developed by Microsoft.

Personal Items

Objects or pieces of information that belong to an individual and are intended for personal use or consumption.

Academic Items

Materials or components that are part of an educational curriculum or scholarly work.

Business Items

Various aspects or objects that are relevant to conducting business, such as documents, plans, or tools.