Fact Pattern 31-1A (Questions A12-A14 Apply)

question 23

Multiple Choice

Fact Pattern 31-1A (Questions A12-A14 apply)
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 31-1A.Under federal law,disclosures with respect to one of 24-Hour Credit's loans must be provided

• A)a certain number of days after the loan is finalized.
• B)a certain number of days before the loan is finalized.
• C)at the same time at which the loan is finalized.
• D)at whatever time is most rational and appropriate.

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Definitions:

Decision-making Authority

The power or right vested in an individual or group to make important decisions regarding the operation of an organization or system.

Local Unions

Regional or community-based branches of a larger labor union, representing workers' interests within a specific area.

Public-sector Unions

Labor organizations that represent workers employed by governmental bodies, advocating for their rights, wages, and work conditions.

Legal Right

A legal right is an entitlement that is protected by law, giving the holder the ability to perform or refrain from certain actions.