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19-12-2022
Law

Answered

Which of the following must be true in order for a loan to come within the protection of the Truth-in-Lending
Act?
A. The credit or loan must be subject to a finance charge.
B. The credit or loan must have repayments of more than four installments.
C. The credit or loan must have an interest rate of over 5%.
D. All the above
E. The credit or loan must be subject to a finance charge, or have repayments of more than four installments; but
there is no requirement regarding the loan having an interest rate of over 5%

Answer :

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