Finance
The Truth in Lending Act (TILA) requires lenders to disclose the:
AExact monthly payment amount
BAnnual Percentage Rate (APR) and finance charge✓ Correct
CProperty tax estimate
DHomeowner's insurance premium
Explanation
TILA requires lenders to disclose the Annual Percentage Rate (APR) — which includes the interest rate plus fees — and the total finance charge so borrowers can compare loan costs.
Related North Dakota Finance Questions
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