The Truth-in-Lending Act has disclosure requirements for both consumer loans and credit sales over $50,000.

Name: The Truth-in-Lending Act has disclosure requirements for both consumer loans and credit sales over $50,000.
Brand: Quizplus
Rating: 4.8 (50 reviews)

Question

Quizplus · Accepted Answer

The Truth-in-Lending Act primarily applies to consumer loans and credit sales for personal, family, or household purposes, typically not exceeding $50,000, with some exceptions for real estate and private education loans.

The Truth-In-Lending Act Has Disclosure Requirements for Both Consumer Loans