The Truth-In-Lending Act Covers Only Certain Classes of Consumer Credit

Multiple Choice

The Truth-in-Lending Act covers only certain classes of consumer credit transactions. For example, the:

A) debtor must be a business organization
B) creditor may not be a business organization
C) creditor must be in the business of regularly granting credit
D) debtor must be a business organization and the creditor must be in the business of regularly granting credit
E) creditor may not be a business organization and the creditor must be in the business of regularly granting credit