Which of the following federal statutes requires creditors to disclose finance charge, including interest, points, and other fees paid for the extension of credit to debtors?
A)Fair Debt Collection Practices Act
B)Consumer Financial Protection Act of 2010
C)Mortgage Reform and Anti-Predatory Lending Act of 2010
D)Truth-in-Lending Act

Question

Quizplus · Accepted Answer

The Truth-in-Lending Act (TILA) requires creditors to disclose finance charges, including interest, points, and other fees paid for the extension of credit to debtors. TILA ensures that consumers receive accurate and uniform information about the costs of credit, which helps them make informed decisions.

Which of the Following Federal Statutes Requires Creditors to Disclose