Which of the following would keep the Truth in Lending Act from applying to a transaction?
A) The intent of the debtor to make commercial use of funds borrowed in the transaction.
B) The transaction being an open-end credit plan.
C) The debtor being a natural person rather than a business entity.
D) The creditor being a credit card issuer rather than a maker of a conventional loan.
Correct Answer:
Verified
Q42: Which of the following actions is most
Q52: The FCRA establishes _ for persons who
Q58: The Equal Credit Opportunity Act (ECOA)requires creditors
Q59: The TILA's detailed disclosure provisions break down
Q60: The Magnuson-Moss Warranty Act applies to sales
Q60: Nearly Insolvent Savings & Loan (NISL)recently ran
Q63: The FDCPA requires a collector to give
Q64: E.Z.Pickens owes a past-due consumer debt of
Q74: Which of the following actions or statements
Q82: Describe the similarities between the United States'
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents