One of the purposes of the TILA is to enable the consumer to understand all the charges made in connection with credit.

Question

Quizplus · Accepted Answer

The Truth in Lending Act (TILA) aims to ensure that consumers have access to meaningful and accurate information about the costs and terms of credit transactions, including APR, interest rates, fees, and finance charges so that they can make informed decisions. 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 TILA Is to Enable