Question

Generally speaking, when a disclosure is provided by mail, the consumer is considered to have received it:

A) On the date of mailing.
B) On the date of delivery.
C) Three business days after mailing.
D) Seven business days after mailing.

Answer 1

When a disclosure is provided by mail, the consumer is considered to have received it on the date of delivery.

Step-by-step explanation:

The correct answer is B) On the date of delivery.

When a disclosure is provided by mail, the consumer is considered to have received it on the date of delivery. This means that the consumer becomes aware of the information contained in the disclosure as soon as it is delivered to their address.

For example, if a disclosure is mailed on a Monday but is not delivered until Wednesday, the consumer is considered to have received it on Wednesday, not Monday.