Which of the following loans would be exempt from the disclosure requirements of the truth-in-lending laws?
A) An unsecured personal loan of $3,000
B) An educational loan from a commercial bank
C) A second mortgage loan on a residence
D) A $30,000 loan for the purchase of a $40,000 automobile
Correct Answer:
Verified
Q10: Which of the following would be most
Q11: When advertising, a lender must disclose the
A)
Q12: Under the truth in lending act, the
Q13: All of the following are important to
Q14: Which of the following contains a trigger
Q16: The Truth in Lending Act covers credit
Q17: Which of the following do lenders of
Q18: When borrowing money to buy a home,
Q19: With regard to truth in lending laws,
Q20: A borrower does not have the right,
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