Finance
In Maine, which law requires mortgage lenders to disclose the annual percentage rate (APR) to borrowers?
AThe Maine Real Estate Disclosure Act
BRESPA
CThe Truth in Lending Act (TILA)✓ Correct
DThe Maine Consumer Credit Code
Explanation
The federal Truth in Lending Act (TILA) requires lenders to disclose the APR and other loan terms to borrowers before the loan is consummated.
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