The Truth-in-Lending Act would not require disclosure of the amount that would be due if the borrower had paid cash instead.

Name: The Truth-in-Lending Act would not require disclosure of the amount that would be due if the borrower had paid cash instead.
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Question

Quizplus · Accepted Answer

The Truth-in-Lending Act requires lenders to disclose the total cost of credit, including what the borrower would pay if they paid in cash, to ensure transparency and informed decision-making.

The Truth-In-Lending Act Would Not Require Disclosure of the Amount