A Requirement of the Federal Truth in Lending Act (TIL)

question 35

Multiple Choice

A requirement of the federal Truth in Lending Act (TIL) requires that all installment loan lenders disclose to credit applicants

• A)the interest rate expressed as an annual percentage rate (APR).
• B)the finance charge expressed in dollars.
• C)the interest rate (as an APR) and the finance charge (in dollars).
• D)neither the interest rate (as an APR) nor the finance charge (in dollars).

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Definitions:

Childhood Obesity

In a child, having a BMI above the 95th percentile, according to the U.S. Centers for Disease Control’s 1980 standards for children of a given age.

BMI

Body Mass Index is an indicator of body fat which utilizes both height and weight to apply to both adult males and females.

Impaired Social Response

Difficulty or inability to appropriately respond to social interactions, which can be a characteristic of various mental or neurological disorders.

Delayed Language

refers to a significantly slower than expected development of language abilities in children, often considered a sign of developmental issues or disorders.