Which of the following would keep the Truth in Lending Act (TILA) from applying to a transaction?
A) The intent of the debtor to make commercial use of funds borrowed in the transaction.
B) The transaction being an open-end credit plan.
C) The debtor being a natural person rather than a business entity.
D) The creditor being a credit card issuer rather than a maker of a conventional loan.
Correct Answer:
Verified
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