Finance
The Truth in Lending Act (TILA) requires lenders to disclose the:
AMaximum loan amount the borrower qualifies for
BAnnual percentage rate (APR) and total finance charges✓ Correct
CAppraised value of the property
DLender's profit margin on the loan
Explanation
TILA (Regulation Z) requires lenders to disclose the Annual Percentage Rate (APR), finance charges, amount financed, total payment amount, and payment schedule. The APR is a broader measure of borrowing cost than the interest rate alone.
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