Finance
The Truth in Lending Act (TILA) requires lenders to disclose the:
AAppraised value of the property
BAnnual percentage rate (APR) to borrowers✓ Correct
CSeller's net proceeds
DEscrow account balance
Explanation
TILA requires lenders to disclose the Annual Percentage Rate (APR), which includes the interest rate plus fees, giving borrowers a standardized way to compare loan costs.
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