Cecilia borrows $20,000 from Debit & Credit Union to repair her home and to buy a car. She buys a laptop from eStuf Store in a transaction financed by the seller. If these parties are subject to the Truth-in-Lending Act, Regulation Z ap?plies to

Question

Quizplus · Accepted Answer

Regulation Z of the Truth-in-Lending Act applies to all consumer credit transactions, including loans for cars, home repairs, and retail installment sales like the laptop purchase.

Cecilia Borrows $20,000 from Debit & Credit Union to Repair