1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Darina [25.2K]
3 years ago
9

A home improvement company was negotiating with a home owner to add two rooms onto a home. The company agreed to take a second m

ortgage as long as the homeowner also included the rest of the property in the loan. The company and the homeowner agreed to a price and the company provided the necessary disclosure form on Monday and the homeowner signed the agreement at noon the following day. Assuming that the week had five business days, until what time could the homeowner rescind the loan?
A: Tuesday, midnight
B: Thursday, midnight
C: Friday, midnight
D: There is no rescission on a house.
Business
2 answers:
Elina [12.6K]3 years ago
8 0

Answer:

Friday, midnight

Explanation:

According to federal law the right of rescission applies only to the refinancing of a mortgage. These laws do not apply to the purchase of a new home. If a borrower has the intentiom to cancel a loan, he must do so at the latest at midnight of the third day , that is once the completion of the refinancing, including having received a mandatory Truth in Lending disclosure from the lender and two copies of a notice advising him of his right to rescind. this case,

The loan documents were signed a Tuesday, the borrower has until Friday, midnight to cancel transaction. This is his/her right to rescission.

monitta3 years ago
3 0

Answer:

C) Friday, midnight

Explanation:

In this case, the homeowner is considered a borrower, and federal law gives borrowers three full business days after signing mortgage documents to rescind any loan. Since the loan documents were signed a Tuesday, the borrower has until Friday, midnight to cancel any deal (3 days = Wednesday, Thursday and Friday).

You might be interested in
When a company employs statistical tools to reduce the likelihood of a product recall, this best represents what type of decisio
Gwar [14]

Quality best represents to reduce the likelihood of a product recall

There are many different statistical tools available, some of which are straightforward, some complex, and many of which are quite specialized for certain uses. Comparing data, or groups of data, in analytical activity is the most crucial common procedure for calculating accuracy (bias) and precision. Fortunately, much of the information required in routine laboratory work can be acquired using a few easy-to-use statistical tools: the "t-test," the "F-test," and regression analysis. As a result, examples of these will be provided in the following pages. Clearly, statistics are a tool, not a goal, and a skilled and committed analyst may find simple data examination, without statistical treatment, to be just as beneficial as statistical numbers on their desk.

To know more about statistical tools refer to brainly.com/question/28214875

#SPJ4

7 0
1 year ago
What can be defined as an information technology environment?
alisha [4.7K]
C. The tools and processes that surround us to gather and interpret data can be defined as an information technology environment. 
Our environment is what surrounds us - so if the environment is technological, then different types of technologies and tools are what fall under that category.
6 0
3 years ago
Read 2 more answers
Which type of investment offers both capital gains and interest income?
arlik [135]
 Bondholders regularly receive interest income at a preset interest rate, or coupon rate, for a specified period of time. This is the bond’s maturity period.<span> Holders can also sell the bonds in the bond market at their current market price.
So the Answer is BONDS
</span>
7 0
3 years ago
Read 2 more answers
Name the non-partisan organization that has set the rules for U.S. presidential and
Oksi-84 [34.3K]

Answer:

The non-partisan organization that has set the rules for U.S. presidential and  vice presidential debates since 1987 is discussed below in details.

Explanation:

A non-partisan system is an arrangement of administration or organizations such that general and intermittent elections take place without relating to political parties. there are two types of Non-partisan organizations: De facto and De jure.

The commission of presidential debates was organized in the year 1987 to assure that the debates, as a constant part of every general election. The commission of presidential debate advocate and present debates for the United States presidential and vice-presidential candidate.

6 0
3 years ago
Should I work at Lowes as a cashier or sears as a cashier
Tanzania [10]
Lowes cause their lit!
8 0
3 years ago
Other questions:
  • If the structural budget deficit is $100 billion and the actual deficit is $300 billion, what is the size of the cyclical defici
    12·1 answer
  • Mark each statement if it correctly describes facts about China during the Sui dynasty.
    10·1 answer
  • Economic studies have generally found that professional sports players have salaries that
    5·1 answer
  • Which is a simple way of describing cost-benefit analysis?
    13·1 answer
  • Five productive activities where division of labour is not needed​
    5·1 answer
  • Stone and brick are substitutes in home construction. Consider the market for bricks depicted below. Suppose the price of stone
    10·2 answers
  • A stock _____ is a short combination of letters used to identify the stock of a particular company.
    7·2 answers
  • Soffia Inc. manufactures a moisturizing soap with anti-ultraviolet properties, which is sold under the brand name DewMist. The c
    9·2 answers
  • An investment will pay $200 at the end of each of the next 3 years, $300 at the end of Year 4, $500 at the end of Year 5, and $8
    13·1 answer
  • List the four ways to become a business owner
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!