Examlex
Research described in the textbook indicates that Canadians are somewhat more liberal than Americans with respect to
Equal Credit Opportunity Act
A U.S. federal law ensuring that all consumers are given an equal chance to obtain credit.
Truth-In-Lending Act
A U.S. federal law designed to protect consumers in their dealings with lenders and creditors, by requiring clear disclosure of key loan terms and costs.
Interest
The cost of borrowing money, typically expressed as a percentage of the amount borrowed, or the return on investment.
Misrepresentation
The act of providing false, misleading, or incorrect information typically in a contractual context, leading to an erroneous belief by another party.
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