Multiple Choice
Which of the following is NOT one of the provisions of the Truth in Lending Act?
A) It requires a full disclosure of the comparative costs of buying goods for cash or on credit.
B) The creditor must disclose, in writing and in advance of signing, the total dollar finance charge and the effective annual percentage rate (APR) of the interest or finance charge.
C) It provides for a three-day "cooling-off" period when a consumer agrees to borrow on the security of a second mortgage on a home.
D) It places a limit on the rate or amount of interest or carrying charge.
Correct Answer:
Verified
Correct Answer:
Verified
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