The Law That Requires Full Disclosure of Credit Terms and Which

question 83

Short Answer

The law that requires full disclosure of credit terms and which promotes the informed use of credit is the ______________________ Act.This law requires banks to report the APR of the loan,the dollar amount of all finance charges and,where appropriate,all fees.

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Definitions:

Traumatic Experiences

Events or situations that cause psychological trauma due to their intense stress and the feeling of being overwhelmed.

Children

Individuals in the early stages of human development, typically considered to be from birth to adolescence.

Confabulation

The production of fabricated, distorted, or misinterpreted memories about oneself or the world, without the conscious intention to deceive.

Imagined Event

A scenario or occurrence that is created in the mind but has not actually happened in reality.