Should Lending Laws Be Changed to Require Lenders to Report

question 164

Essay

Should lending laws be changed to require lenders to report the EAR rather than the APR? Explain.

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Definitions:

Bilateral Wrist Restraints

Devices used on both wrists to prevent individuals, typically patients, from causing harm to themselves or removing necessary medical equipment.

Abdominal Surgery

A surgical procedure performed on organs within the abdomen, such as the stomach, liver, gallbladder, spleen, or intestines.

Health Insurance Portability and Accountability Act (HIPAA)

U.S. legislation that provides data privacy and security provisions for safeguarding medical information.

Americans with Disabilities Act (ADA)

A civil rights law that prohibits discrimination against individuals with disabilities in all areas of public life.