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:

Soil Moisture

The amount of water present within the soil, crucial for plant growth and agricultural planning.

Farmers Create

The process by which agricultural professionals cultivate crops and rear livestock, contributing to food production and land management.

Trawler

A fishing vessel designed to drag nets through water to collect fish or seafood.

Environmental Damage

Harm caused to the natural environment, often due to human activities, leading to degradation of ecosystems and loss of biodiversity.