MATCHING
Match the appropriate description with the federal regulation.

-Truth in Lending Act

Question

MATCHING
Match the appropriate description with the federal regulation.

-Truth in Lending Act

Quizplus · Accepted Answer

The Truth in Lending Act (TILA) specifically requires lenders to disclose key terms and conditions of credit agreements, including installment payments and interest rates.

Answer: A
 Telephone collections are primarily governed by the Fair Debt Collection Practices Act (FDCPA), which sets legal guidelines for debt collectors' communication with consumers over the phone.

Answer: C
 Bankruptcy laws are primarily governed by the United States Bankruptcy Code, which outlines the legal procedures for filing for bankruptcy and the treatment of debts and assets during and after bankruptcy proceedings. They are not related to the Truth in Lending Act.

MATCHING Match the Appropriate Description with the Federal Regulation