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olasank [31]
3 years ago
6

Which of the following is the federal law that requires the cost of credit be disclosed to consumers in bold print on loan agree

ment?
A.) Fair Credit Reporting ActB.) Equal Credit Opportunity ActC.) Truth in Lending ActD.) Fair Debt Collection Practices Act
Social Studies
1 answer:
Alekssandra [29.7K]3 years ago
8 0

Truth in Lending Act is the federal law that requires the cost of credit be disclosed to consumers in bold print on loan agreement

<h3><u>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.

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3 years ago
The ________ is a special body made up of people selected by each of the state- which votes for the president and vice president
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3 years ago
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What is the question???????
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4 years ago
What is Realpolitik?
Citrus2011 [14]
Good Morning!
<span>•the concept that political decisions of foreign engagement have to be based on the best interests of all parties concerned
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Realpolitik is a German concept that refers to the idea of ​​doing politics in practice, not taking into account the ideological aspects, ignoring, in the pragmatic sense, the notions and historical divergences of a purely rival.
Hugs!
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4 years ago
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