Showing API response after calling it

I am calling an api end point that should render some information. I am calling the API but need an event to trigger it. I am triggering that event with a setTimeout function.

Although nothing is rendering, I am getting an error of Cannot read property state of undefined

This is the code:

const TermsAndCond = () => {  const [terms] = useState('');  const callTerms = () => {    Terms({ terms: terms })      .then((resp: any) => {        if (resp.statusCode === 200) {          setTimeout(() => {            ({ callTerms: resp });          }, 1000);        }        console.log('Data time', resp);      })      .catch((error: any) => {        console.log(error);      });  };  return (<><SafeAreaView><Text>Terms & Conditions</Text><Button title='hellow' onPress={callTerms} /></SafeAreaView></>  );};