Fact Pattern 22-2

question 40

Multiple Choice

Fact Pattern 22-2
24-Hour Credit Corporation issues high-cost and high-fee mortgage products to people, including Benny, who could not easily obtain credit under other loan programs.
-Refer to Fact Pattern 22-2. Under federal law, if 24-Hour Credit fails to provide certain material disclosures with respect to the loan, Benny's right to rescind the loan

• A) expires at midnight on the day the loan is finalized.
• B) is immediately revoked.
• C) is extended for up to three years.
• D) is tolled for the duration of the loan payments.