Which of the following items is not required to be disclosed by a creditor as a part of the statement given a debtor?
A) service, activity, carrying and transaction charges
B) loan fees and points
C) portion of interest charges to cover creditor expenses
D) charges for credit life and credit accident and health insurance
E) fees for credit reports and appraisals in non-real estate transactions

Question

Quizplus · Accepted Answer

Creditors are required to disclose service, activity, carrying and transaction charges, loan fees and points, charges for credit life and credit accident and health insurance, and fees for credit reports and appraisals in non-real estate transactions. However, they are not required to disclose the portion of interest charges to cover creditor expenses.

Which of the Following Items Is Not Required to Be