The Truth-in-Lending Act would not require disclosure of the amount that would be due if the borrower had paid cash instead.

Name: The Truth-in-Lending Act would not require disclosure of the amount that would be due if the borrower had paid cash instead.
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Question

Quizplus · Accepted Answer

The Truth-in-Lending Act requires lenders to disclose the total cost of credit, including what the borrower would pay if they paid cash, to ensure consumers are informed about the cost of borrowing.

The Truth-In-Lending Act Would Not Require Disclosure of the Amount