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 net proceeds
DProperty tax assessment history
Explanation
TILA requires lenders to disclose the annual percentage rate (APR), total finance charges, and other loan terms so borrowers can compare loan costs and make informed decisions.
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