The Bill has to be introduced, then it will have to go the house of representatives, they will vote, if passed then they congress have to pass it too, if this done so. The president have to sign it.
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.
Answer: The correct answer is : True
Explanation: Non-normative factors refer to biological and environmental determinants that are significant in their effect on vital histories, individual but not general. For example : . a person's health event, a job change, the death of a close relative or a divorce.
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