Final answer:
Regulation Z, also known as the Truth in Lending Act, pertains to home mortgages, personal loans, and credit cards, but does not apply strictly to business or student loans alone.
Step-by-step explanation:
Regulation Z, also known as the Truth in Lending Act, applies to certain types of credit transactions. Specifically, it applies to home mortgages and other consumer credit transactions, which include personal loans and credit cards.
It does not apply exclusively to business loans or student loans.
This regulation helps ensure borrowers are informed about the terms of their credit obligations and protects them from misleading practices by creditors.
The correct answer is d. Personal loans and credit cards.
Regulation Z, also known as the Truth in Lending Act, is a consumer protection law that applies to personal loans and credit cards.
It requires lenders to provide borrowers with clear and accurate information about the terms and costs of borrowing, including the annual percentage rate (APR), finance charges, and repayment terms.
Regulation Z does not apply to home mortgages, business loans, or student loans exclusively. However, other regulations may govern these types of loans.