If Annie borrows money to pay for her kitchen upgrades from her aunt Bethany, Bethany does not need to provide required disclosures under the Truth in Lending Act.

Name: If Annie borrows money to pay for her kitchen upgrades from her aunt Bethany, Bethany does not need to provide required disclosures under the Truth in Lending Act.
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Question

Quizplus · Accepted Answer

The TILA does not require disclosure from creditors not regularly engaged in the extension of credit.

If Annie Borrows Money to Pay for Her Kitchen Upgrades