____________________________ requires disclosure of the finance charge and the annual percentage rate of credit along with certain other costs and terms to permit consumers to compare the prices of credit from differing sources.
A) Truth in Lending Act
B) Equal Credit Opportunity Act
C) Federal Trade Commission Improvement Act
D) Fair Credit Billing Act

Question

Quizplus · Accepted Answer

The description matches the requirements of the Truth in Lending Act. This law requires lenders to provide consumers with clear and complete information about the costs and terms of credit before they agree to borrow money. This helps consumers make informed decisions and compare credit offers from different lenders.

____________________________ Requires Disclosure of the Finance Charge and the Annual