John loans George money,and they sign a written agreement whereby George will repay John in monthly installments.Is this loan subject to the Truth in Lending Act?
A) Yes,if the loan is for more than $1,000.
B) Yes,if John and George live in different states.
C) No,if John is not in the business of offering credit.
D) No,if John and George are related.
Correct Answer:
Verified
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