When Must Disclosures on Consumer Leasing Transactions Subject to Regulation

question 48

Multiple Choice

When must disclosures on consumer leasing transactions subject to Regulation M be made?

• A) At the time of the application
• B) Before the consummation of the lease
• C) Before the first payment due under the lease
• D) Within 10 days after consummation of the lease

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Definitions:

Possessed Object

Any object that users carry to identify themselves and that grants them access to a computer system or facility.

Password

A string of characters used to verify the identity of a user during the access to a computer system or service.

Biometric Authentication

A security process that uses unique biological characteristics of an individual, such as fingerprints or facial features, to verify identity.

Facial-Recognition Scanner

A biometric technology capable of identifying or verifying a person's identity using their facial features.