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

Question

Quizplus · Accepted Answer

A)In order to come within the scope of the Truth-in-Lending Act,the credit or loan
must be in the amount of $25,000 or less,unless the loan is secured by a mortgage on real estate.
B)In order to come within the scope of the Truth-in-Lending Act,the credit or loan must be in the amount of $25,000 or less,unless the loan is secured by a mortgage on real estate.
C)In order to come within the scope of the Truth-in-Lending Act,the credit or loan must be in the amount of $25,000 or less,unless the loan is secured by a mortgage on real estate.
D)In order to come within the scope of the Truth-in-Lending Act,the credit or loan must be in the amount of $25,000 or less,unless the loan is secured by a mortgage on real estate.
E)In order to come within the scope of the Truth-in-Lending Act,the credit or loan must be in the amount of $25,000 or less,unless the loan is secured by a mortgage on real estate.

Unless It Is Secured by a Mortgage on Real Estate,a