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