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
DReal estate agent's commission
Explanation
TILA requires lenders to disclose the Annual Percentage Rate (APR) and other loan terms so borrowers can compare the true cost of credit. The APR includes the interest rate plus fees and other costs.
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