The Act seeks to make creditors disclose all terms of a credit arrangement before they enter into an agreement with a consumer-debtor.

Question

Quizplus · Accepted Answer

The statement describes the Truth-in-Lending Act, which requires creditors to provide full disclosure of key terms and costs of credit to consumers before they enter into any credit agreement. The Dodd-Frank Act focuses on financial regulation and consumer protection, the Sherman Act is an antitrust law, and the Securities Exchange Act governs the securities market.

The Act Seeks to Make Creditors Disclose All Terms of a Credit