Finance
The Truth in Lending Act (TILA/Regulation Z) requires lenders to disclose the:
AProperty tax rate
BAnnual Percentage Rate (APR) so borrowers can compare loan costs✓ Correct
CSeller's net proceeds from the sale
DCommission paid to the real estate agent
Explanation
TILA requires lenders to disclose the Annual Percentage Rate (APR), which includes not only the interest rate but also certain loan fees, expressed as a yearly rate. This helps Wyoming borrowers compare the true cost of different loan offers.
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