Question

Truth in Lending Disclosure is _____. an act that gives consumers a right to apply for a loan the statement that federal law requires a credit card company to provide to explain their terms a consumer right that protects individuals from extraordinarily high interest rates a form you complete when applying for a loan so that the loan officer knows if you are creditworthy

Answer 1

The answer is the statement that federal law requires a credit card company to provide to explain their terms.

Answer 2

The statement that federal law requires a credit card company to provide to explain their terms

Step-by-step explanation:

Truth in Lending Disclosure is an act in which the government requires lenders to provide in writing all the information and terms of a credit to the borrowers. The goal of this is that people clearly understand the conditions they are accepting when taking a loan to avoid situations where all the costs are not informed before they take the loan. According to this, Truth in Lending Disclosure is the statement that federal law requires a credit card company to provide to explain their terms.