The Act That Requires Lenders to Inform Borrowers of the Annual

question 21

Multiple Choice

The act that requires lenders to inform borrowers of the annual rate of interest to be charged,plus related fees and services charges is called:

• A) The Consumer Protection Act.
• B) The Product Safety Act.
• C) The Predatory Mortgage Act.
• D) The Truth in Lending Act.

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Definitions:

Disabled

A term describing people who have physical, mental, or developmental conditions that restrict their ability to engage in activities considered normal.

Biased View

A perspective that is unfairly prejudiced for or against someone or something.

Normal People

Individuals who conform to the prevailing norms and standards of society, often considered as average or typical members of a community.

Homosexuals

Individuals who are sexually attracted to people of the same sex.