The Truth-in-Lending Act allows a creditor to avoid liability for improper disclosure if the violation is corrected within fifteen days from the time it is discovered by the creditor and before the consumer gives written notification of the error.

Question

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This statement is true according to the Truth-in-Lending Act. The creditor may avoid liability if they correct the improper disclosure within fifteen days of discovering the violation and before the consumer gives written notification of the error.

The Truth-In-Lending Act Allows a Creditor to Avoid Liability for Improper