Finance
The Truth in Lending Act (TILA) requires lenders to disclose to borrowers the:
AAppraised value of the property
BAnnual Percentage Rate (APR) and total finance charge✓ Correct
CNeighborhood crime statistics
DEstimated property tax amount
Explanation
TILA requires lenders to clearly disclose the Annual Percentage Rate (APR), which reflects the true cost of credit including interest and certain fees, enabling borrowers to make informed comparisons.
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