Truth in Lending Act is the federal law that requires the cost of credit be disclosed to consumers in bold print on loan agreement
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Explanation:</u></h3>
The Truth in Lending Act (TILA) passed in 1968 to take care whether the consumers are treated fairly by revealing about the true cost of credit. The credit documents should be made very clear to the consumers. It does not place limitations on banks about how enough interest they may impose or whether they must give a loan.
This TILA statement includes annual percentage rate, schedule of payment and finance charges and the repayment within loan lifetime. Regulation Z is alternative name for Truth in Lending Act. Both the terms can be used in all aspects of lending and credit card purposes.
The college course component in which you practice with specialized equipment is called a lab.
A laboratory is a facility that provides controlled conditions in which scientific or technical research, experiments, and measurements can be conducted. Testing services are provided in a variety of settings, including clinics, clinics, hospitals, and regional and national referral centers.
Lab is an abbreviation for Labor, from the Latin Laborare, from the medieval Latin root labatorium, "a place for work or labour." Many scientists and researchers commute to the lab every day (often wearing a "white coat," a white coat that protects their clothing).
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The characteristics of bureaucracy that help prevent nepotism (the favoriting of friends or relatives, especially in the allocation of jobs) is; Formal Selection Process.
Definition;
Bureaucracies is characteristized by four key points: <em>a clear hierarchy, specialization, a division of labor, and a set of formal rules, or standard operating procedures.</em>
Characteristics include;
- Hierarchical management structure
Ultimately, the characteristics of bureaucracy that help prevent nepotism (the favoriting of friends or relatives, especially in the allocation of jobs) is; Formal Selection Process.
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