The cost of credit as a yearly rate, given charges in connection with the loan, required to be disclosed to consumers under the Truth-in-Lending Act is known as

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The annual percentage rate (APR) is the cost of credit as a yearly rate, given charges in connection with the loan, required to be disclosed to consumers under the Truth-in-Lending Act. This allows consumers to compare the cost of credit from different lenders. The cost of credit as a yearly rate, which is required to be disclosed to consumers under the Truth-in-Lending Act, is known as the Annual percentage rate (APR). This includes charges such as interest rates, fees, and other costs associated with the loan.

The Cost of Credit as a Yearly Rate, Given Charges