Finance
The Truth in Lending Act (TILA) requires lenders to disclose the:
AExact amount of property taxes due at closing
BAnnual percentage rate (APR) and total finance charges✓ Correct
CSeller's net proceeds from the sale
DBroker's commission structure
Explanation
TILA requires lenders to disclose the Annual Percentage Rate (APR), finance charges, and other loan terms so borrowers can compare loan costs. The APR includes the interest rate plus fees, expressed as a yearly rate.
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