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In Order to Come Within the Scope of the Truth-In-Lending

Question 29

Multiple Choice

In order to come within the scope of the Truth-in-Lending Act,a loan must be in the amount of ______ unless it is secured by a mortgage on real estate.


A) $50,000 or more
B) $50,000 or less
C) $30,000 or more
D) $40,000 or less
E) $25,000 or less

Correct Answer:

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