The Truth-In-Lending Act Applies to a Loan Between Two Consumers

question 66

True/False

The Truth-in-Lending Act applies to a loan between two consumers because in that transaction, the lender is a person who in the ordinary course of business is extending credit.

---

Definitions:

Genes

Units of heredity made up of DNA that determine specific traits by encoding proteins.

Endocrine Glands

Glands of the endocrine system that secrete hormones directly into the bloodstream to regulate body processes.

Hormones

Chemical messengers produced by the endocrine glands that regulate various bodily functions by acting on specific target organs.

Bloodstream

The flowing body fluid that circulates through the heart, arteries, capillaries, and veins, carrying nutrients and oxygen to and waste materials away from all body tissues.