Fact Pattern 26-2

question 56

Multiple Choice

Fact Pattern 26-2
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 26-2. 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.

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Definitions:

Display Rule

Cultural norms that dictate how emotions should be expressed or suppressed in social settings.

Emotion

A complex psychological state involving an individual's physiological arousal, expressive behaviors, and conscious experience.

Citizenship Behavior

Voluntary and discretionary actions performed by employees that are not part of their formal job requirements but contribute to the organization's success.

Display Rule

Socially constructed norms that dictate the appropriate emotional expressions in various social situations.