The Truth in Lending Act (TILA) Provides a Cancellation Right

question 41

True/False

The Truth in Lending Act (TILA) provides a cancellation right, technically called a "right of revocation," for five (5) business days after the buyer's (debtor's) purchase on credit or after such time as the creditor makes the required disclosure.

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Definitions:

Zimbardo

Psychologist known for leading the Stanford Prison Experiment, which studied the psychological effects of perceived power.

Sinister Ways

Methods or actions that are considered to be evil, harmful, or morally wrong.

Unrepresentative

Describes a sample or subset that does not accurately reflect the characteristics of the larger group or population it is meant to represent.

Announcer's Voice

The distinct, clear, and often authoritative vocal tone used by professionals in broadcasting and public speaking to engage and inform listeners.