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

Question 28

Multiple Choice

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.


A) $40,000 or less
B) $50,000 or less
C) $50,000 or more
D) $30,000 or more
E) $25,000 or less

Correct Answer:

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