Penalties for violation of the truth-in-lending laws include
A) a fine of up to $5,000 and/or imprisonment for up to 1 year.
B) penalties up to twice the amount of the finance charge up to a maximum of $1,000.
C) Court costs, attorney fees, and actual damages.
D) all of the above.
Correct Answer:
Verified
Q1: Regulation Z deals with
A) annual percentage rates.
B)
Q2: In analyzing a mortgage loan application, a
Q3: Generally, before a lender will approve a
Q4: Which of the following loans would be
Q5: Truth in lending laws were created primarily
Q7: According to regulation Z, which of the
Q8: Regulation Z requires a lender to disclose
A)
Q9: Truth in lending laws require a lender
Q10: Which of the following would be most
Q11: When advertising, a lender must disclose the
A)
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