Brad borrows $20,000 from City Bank to repair his home and to buy a car.Brad buys a stereo from Discount Store in a transaction financed by the seller.If these parties are subject to the Truth-in-Lending Act,Regulation Z ap?plies to

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The Truth-in-Lending Act, Regulation Z applies to all three transactions: the car loan, the home repair loan, and the retail installment sale. This act requires lenders and sellers to disclose important information about the terms and costs associated with credit and loans, including the annual percentage rate (APR), finance charges, and other fees.

Brad Borrows $20,000 from City Bank to Repair His Home