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Not all of DeSantis's customers are able to pay up-
front. In those circumstances, it refers the customer to
a third-party lender that loans the customers money
exclusively to purchase DeSantis cabinets, payable
monthly over the course of one year. Does the Truth in
Lending Act (TILA) apply to these transactions?
No, it is not the right type of loan.
Yes, it meets all of the elements
necessary as long as the transaction is
under $54,600.
Yes, if the loan is secured by the cabinets themselves as collateral
No, the loan made is not made by the right type of lender.