Finance
The Truth in Lending Act (TILA) requires lenders to disclose the:
AAppraised value of the property
BAnnual Percentage Rate (APR) and total finance charges✓ Correct
CSeller's mortgage payoff amount
DBuyer's credit score
Explanation
TILA requires lenders to disclose the Annual Percentage Rate (APR) and total finance charges, enabling borrowers to compare the true cost of credit from different lenders.
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