The law that requires that a lending institution disclose to the borrower in writing the actual rate of interest is known as the:
A) APR Law
B) Constant Formula Disclosure Law
C) Rule of 78
D) Truth in Lending Act
Correct Answer:
Verified
Q31: Which of the following statements is correct?
A)
Q32: The cost of an item if the
Q33: The installment price of an item does
Q34: To find the finance charge using the
Q35: Open-end loans are also known as:
A) line-of-credit
Q37: The difference between the installment price of
Q38: With open-end loans, an individual makes regular
Q39: Which of the following statements is true
Q40: The amount financed is equal to the
Q41: The letters APR stand for annual percentage
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