Lester McCann Is Thinking About Getting a Loan for a New

question 10

Multiple Choice

Lester McCann is thinking about getting a loan for a new car.He knows that when he goes shopping for a loan that all of the banks must report the annual percentage rate as well as all other terms and conditions of the loan.This will allow him to easily compare loans from different banks.Which consumer protection law requires full disclosure on all loans?

• A)Fair Credit Reporting Act
• B)Fair Credit Billing Act
• C)Equal Credit Opportunity Act
• D)Fair Debt Collection Practices Act
• E)Truth in Lending Act

---

Definitions:

Actual Dimensions

The measured size or extent of an object, as opposed to its designed or expected dimensions.

Process Control

The use of information technology to control a physical process.

Natural Causes

Factors or events occurring in nature that can lead to changes or impacts in the environment or human activities without human intervention.

Process Average

The mean value of a series of process measurements, indicating the central tendency of process performance.