The federal right to cancel notice must be given to a borrower by the agent if:

A: A commercial building is being used for the security for the loan;
B: The loan is not secured by the borrower's dwelling and more than $25,000 is being borrowed;
C: The borrower's residence is the security for the loan;
D: The money will be used for a business expansion.

Answer: C: The borrower's residence is the security for the loan;

Business

You might also like to view...

What occurs each time an ad is displayed?

A. Impression B. Click C. Landing page D. Cost-per-click

Business

An actor always initiates a use case

Indicate whether the statement is true or false

Business