The Truth in Lending Act requires that the APR be stated accurately to the nearest 1/4 of 1%.

Name: The Truth in Lending Act requires that the APR be stated accurately to the nearest 1/4 of 1%.
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Quizplus · Accepted Answer

This is correct. The Truth in Lending Act (TILA) requires that the Annual Percentage Rate (APR) be disclosed accurately to the nearest 1/4 of 1%. This helps consumers compare the costs of different loans and credit options.

The Truth in Lending Act Requires That the APR Be