FinancingPregunta 75 de 120
The federal Truth in Lending Act (TILA), implemented through Regulation Z, requires lenders to disclose the:
a.Property's market value
b.Annual percentage rate and total finance charges
c.Seller's net proceeds
d.Appraiser's fee schedule
Explicación
TILA requires lenders to disclose the annual percentage rate, finance charges, and other credit terms so consumers can compare loans. The APR reflects the true cost of credit including certain fees. Regulation Z implements TILA's disclosure requirements.
Referencia Legal: Truth in Lending ActPractica las 120 preguntas gratis — sin registro.
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