Finance
The Truth in Lending Act (TILA) requires lenders to disclose:
AThe property's fair market value
BThe Annual Percentage Rate (APR) and total finance charges✓ Correct
CAll comparable sales in the neighborhood
DThe lender's profit margin on the loan
Explanation
TILA requires lenders to clearly disclose the Annual Percentage Rate (APR), total finance charges, and other loan terms so consumers can comparison shop for credit on a standardized basis.
Related Nebraska Finance Questions
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