<P> For certain transactions secured by a borrower's principle dwelling, TILA requires that the borrower be granted three business days following loan consummation to rescind the transaction . The right of rescission allows borrowers time to reexamine the credit agreement and cost disclosures, as well as to reconsider whether they want to place their homes at risk by offering it as security for the credit . Each borrower and any person who has a vested interest in the property may exercise the right to rescind until midnight of the third business day following consummation, or delivery of all material disclosures, whichever occurs last . If the required rescission notice or material TILA disclosures are inaccurate or not delivered, the borrowers right to rescind may be extended from three days after consummation to up to three years . </P> <P> When a borrower rescinds, the security interest becomes void and the borrower is not liable for any amount, including finance charges . The bank must return any money or property given to anyone in connection with the transaction within 20 calendar days and remove any record of security interest that the bank may have taken for the new loan . Until the rescission period has ended, the bank may not 1) disperse funds other than to a valid escrow account, 2) perform any services, or 3) deliver any materials . </P> <P> The right of rescission does not apply to loans that are obtained for the purpose of purchasing a home, nor does it apply to a refinance or consolidation of a home loan with the same creditor unless the amount refinanced or consolidated exceeds the unpaid balance on the existing debt . </P> <P> TILA requirements do not apply to the following types of loans or credit: </P>

To which of the following loans does the truth-in lending act apply