Under the Truth in Lending Act,a Lender Must Disclose All

question 15

Multiple Choice

Under the Truth In Lending Act,a lender must disclose all of the following EXCEPT

• A)the average percentage rate charged by competitors.
• B)the amount financed.
• C)the annual percentage rate (APR).
• D)the finance charge.

---

Definitions:

Alternative Dispute Resolution

A range of processes, such as mediation and arbitration, used to resolve conflicts outside of traditional judicial proceedings.

Conciliation

Conciliation is a conflict resolution process where a neutral third-party helps disputing parties to reconcile and reach a mutually satisfactory agreement, often through improving communication and understanding.

Arbitration

A form of dispute resolution where a neutral third party makes a binding decision to resolve a conflict between parties.

Facilitation

The process of making something easier or less difficult to do or achieve.