Finance
What does the Truth in Lending Act (TILA) require Nevada lenders to disclose?
AThe appraised value of the property
BThe Annual Percentage Rate (APR) and total finance charges in credit transactions✓ Correct
CThe property's title history
DThe property's tax assessment
Explanation
TILA requires lenders to disclose the Annual Percentage Rate (APR), total finance charges, and other key loan terms so borrowers can compare credit offers. Nevada follows federal TILA requirements.
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