Which of the following is correct under the consumer Leasing Act of 1976 amended the Truth-In-Lending Act for the purpose of providing meaningful disclosure to consumers who lease goods?
A) The lease period must be more than six months,and the dollar value of the lease obligation cannot exceed $25,000.
B) The lease period must be more than four months,and the dollar value of the lease obligation cannot exceed $25,000.
C) The lease period must be more than four months,and the dollar value of the lease obligation cannot exceed $15,000.
D) The lease period must be more than six months,and the dollar value of the lease obligation cannot exceed $15,000.
Correct Answer:
Verified
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