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This Act requires institutions disclose what credit will actually cost the consumer.


Select one:

ATruth in Lending Act
BFair Credit Reporting Act
CFair Credit Billing Act
DTruth in Leasing Act

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taylorjo1398

truth in lending act

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The Truth in Lending Act  requires institutions disclose what credit will actually cost the consumer. Correct answer: A The Truth in Lending Act (TILA) is a federal law passed in 1968 to promote informed use of consumer credit. The informed use will protect consumers in their dealings with lenders and creditors.

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