An extended period of rescission of __________ is given to consumers who did not receive a LE or CD prior to close.

An extended period of rescission of three years is provided to consumers who did not receive a Loan Estimate (LE) or Closing Disclosure (CD) prior to closing. This extended period is part of the Truth in Lending Act (TILA) and is designed to protect consumers in situations where they may not have been fully informed about the terms and costs associated with their mortgage loan.

The three-year rescission period serves as a significant consumer protection measure, allowing borrowers ample time to review the transaction and potentially rescind the mortgage if necessary. This is particularly crucial when consumers have not been given the required documentation, as it ensures they have a chance to address any discrepancies or issues that may arise from entering into the loan agreement without the proper disclosures.

In contrast, the other options refer to shorter periods that might be applicable in different contexts or circumstances but do not apply under the specific scenario of failing to provide the required LE or CD. The three-year period is explicitly designed to underscore the importance of transparency and informed consent in financial agreements.