Finance
Truth in Lending Act (TILA) disclosures in Michigan require lenders to disclose the:
AFair market value of the property
BAnnual percentage rate (APR) and total finance charges✓ Correct
CBuyer's credit score
DSeller's net proceeds
Explanation
TILA requires lenders to disclose the Annual Percentage Rate (APR), total finance charges, amount financed, and total of payments so consumers can make informed comparisons between loan products.
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