True or False: Consumers have the right to rescind a vehicle installment sale contract under TILA/Reg. Z and CFA/Reg. M.

The statement is false. Under the Truth in Lending Act (TILA) and its associated regulation (Reg. Z), consumers generally do not have the right to rescind a vehicle installment sale contract in the same manner they would for certain types of credit transactions like home mortgages. TILA provides specific rights to borrowers, including a right to rescind in some contexts, but those rights do not typically extend to vehicle installment sales.

Regarding the Consumer Financial Protection Act (CFA) and its associated regulation (Reg. M), which primarily governs motor vehicle leasing, there is also no automatic right for consumers to rescind vehicle installment contracts.

Rescission rights are usually more applicable to specific types of loan agreements rather than installment sales and leases for vehicles. Thus, the statement incorrectly suggests that such rights apply broadly to all vehicle installment contracts, leading to the determination that the answer is false.