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Under the Truth in Lending Act (TILA),a Creditor Can Unilaterally

Question 46

Multiple Choice

Under the Truth in Lending Act (TILA) ,a creditor can unilaterally terminate a credit plan for a home equity loan and require immediate repayment of the outstanding balance when a consumer has:


A) paid the installment without the added interest.
B) lost his only source of income.
C) defaulted on one repayment installment.
D) made material misrepresentations.

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