Credit Contracts

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August 25, 2024 3 min read Definitions
Right of Rescission: Consumer Protection in Credit Contracts
Law Finance Consumer Protection Credit Contracts Federal Law High-Pressure Sales Refund
The Right of Rescission is a provision granted by the federal Consumer Credit Protection Act of 1968, which allows consumers to void a credit contract within three business days, ensuring a full refund of any downpayment and without penalty.
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