Bea borrows funds from Credit Union to repair her home and to buy a car. She buys a laptop from Discount Store in a transaction financed by the seller. Bea will pay those loans off over two to four years. If these parties are subject to the Truth-in-Lending Act, Regulation Z applies to

Question

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Regulation Z of the Truth-in-Lending Act applies to all consumer credit transactions, including loans for cars, home repairs, and retail installment sales, as long as they are for personal, family, or household purposes.

Bea Borrows Funds from Credit Union to Repair Her Home