I'm not a lawyer, so don't want to guess on all of this... but interesting if you're geeky enough.
3. i. "The consumer may exercise the right to rescind until midnight of the third business day following consummation, delivery of the notice required by paragraph (b) of this section, [OR] delivery of all ***material disclosures,*** whichever occurs last."
"For purposes of this paragraph (a)(3), the term “material disclosures” means the required disclosures of the annual percentage rate, the finance charge, the amount financed, the total of payments, the payment schedule, and the disclosures and limitations referred to in §§ 1026.32(c) and (d) and 1026.32(g)." |