The purpose of the Truth in Lending Act is to ensure that consumers receive the lowest interest rate available at the time of the credit or loan transaction.

Name: The purpose of the Truth in Lending Act is to ensure that consumers receive the lowest interest rate available at the time of the credit or loan transaction.
Brand: Quizplus
Rating: 4.8 (42 reviews)

Question

Quizplus · Accepted Answer

The purpose of the Truth in Lending Act is to require sellers to disclose the terms of the credit or loan to help consumers compare a variety of credit lines or loans.

The Purpose of the Truth in Lending Act Is to Ensure