Truth in lending refers to the requirement that creditors:
A) must disclose all relevant terms in credit transactions
B) must not use sex or race to determine a person's creditworthiness
C) must not use abusive debt collection techniques
D) all of the other specific choices are correct
E) none of the other specific choices are correct

Question

Quizplus · Accepted Answer

Truth in lending requires creditors to disclose all relevant terms in credit transactions, including the APR, finance charges, late fees, and any other fees associated with borrowing money. This ensures that consumers have all the information they need to make informed decisions about borrowing money and can avoid getting into debt they cannot afford.

Truth in Lending Refers to the Requirement That Creditors