Finance
The Truth in Lending Act (TILA) requires lenders to disclose the loan's:
AAppraised value of the property
BAnnual Percentage Rate (APR) and total finance charges✓ Correct
CRequired down payment amount
DBroker commission
Explanation
TILA requires lenders to clearly disclose the Annual Percentage Rate (APR) and total finance charges so borrowers can compare loan costs across different lenders.
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