Finance
Under the Truth in Lending Act (TILA), what must be disclosed to Idaho mortgage borrowers?
AOnly the monthly payment
BThe APR, finance charge, total of payments, and other key loan terms✓ Correct
COnly the interest rate and loan term
DThe lender's profit margin on the loan
Explanation
TILA requires lenders to disclose key credit terms including the APR, total finance charge, amount financed, total of payments, and payment schedule, allowing borrowers to compare loan costs.
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