One of the purposes of the Truth in Lending Act (TILA)is to enable the consumer to understand all the charges made in connection with credit.

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The Truth in Lending Act (TILA) requires lenders to disclose the terms and costs associated with credit to consumers. The information provided must be clear and understandable to the average consumer, allowing them to make informed decisions about credit. Therefore, it is true that one of the purposes of TILA is to enable the consumer to understand all the charges made in connection with credit.

One of the Purposes of the Truth in Lending Act