Finance
The Truth in Lending Act (TILA) requires lenders to disclose:
AThe property's appraised value
BThe Annual Percentage Rate (APR) of the loan✓ Correct
CThe buyer's credit score
DThe seller's outstanding mortgage balance
Explanation
TILA requires lenders to disclose the Annual Percentage Rate (APR) and other key loan terms so borrowers can make informed comparisons between loan products.
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