Finance
TILA (Truth in Lending Act) requires lenders to disclose to Utah borrowers:
AThe seller's net proceeds from the transaction
BThe Annual Percentage Rate (APR) and total finance charges✓ Correct
CThe appraised value of the property
DThe broker's commission amount
Explanation
TILA requires lenders to clearly disclose the APR and total finance charge so borrowers can compare loan costs across lenders. This disclosure is part of the Loan Estimate and Closing Disclosure.
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