Finance
The Truth in Lending Act (TILA) requires lenders to disclose to borrowers:
AThe appraised value of the property
BThe annual percentage rate (APR) and total finance charges✓ Correct
CThe seller's net proceeds from the transaction
DThe title company's fees
Explanation
TILA requires lenders to disclose the Annual Percentage Rate (APR), which includes interest and certain fees, giving borrowers a standardized way to compare the true cost of credit from different lenders.
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