A Debtor May Rescind a Contract Under the Truth in Lending

question 6

Multiple Choice

A debtor may rescind a contract under the Truth in Lending Act:

• A) only if the debtor's home is used as collateral.
• B) only in the instance of a first mortgage on a home.
• C) by way of oral notification to the creditor.
• D) within 30 days after the purchase on credit.

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Definitions:

Domination

The exercise of control or influence over someone or something, often in a way that restricts freedom.

Humiliation

A feeling of shame or loss of dignity caused by demeaning treatment or actions by others.

Spousal Violence

Physical, sexual, emotional, or psychological harm by one partner against the other in a marital or cohabiting relationship.

Intimate Terrorism

A pattern of coercive control and power exercised by one partner over the other in an intimate relationship, often leading to physical, emotional, or psychological abuse.