If a Lender Fails to Provide Certain Material Disclosures, a Borrower

question 57

True/False

If a lender fails to provide certain material disclosures, a borrower has up to seven years to rescind the mortgage.

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Definitions:

Continental Margins

The boundary regions between the landmasses and the ocean basins, including the continental shelf, slope, and rise.

Major Rivers

Large, significant rivers that have considerable length, water volume, and drainage area, playing crucial roles in their regional ecosystems and human economies.

Transform Boundary

A type of tectonic plate boundary where two plates slide horizontally past each other, often causing earthquakes.

Reverse Fault

A type of fault where the hanging wall moves upward relative to the footwall, typically occurring at convergent plate boundaries.