Sell Structured Settlement Knowledge Assessment

What is a 'cooling-off period' in the context of structured settlement sales?

The time a court takes to schedule a transfer review hearing A window of time after signing during which the seller may cancel the agreement without penalty The delay between court approval and the seller's receipt of funds The period a factoring company has to secure an investor

Correct Answer:

A window of time after signing during which the seller may cancel the agreement without penalty

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