Question

A lender is required under the Truth-in-Lending Act (Regulation Z) to furnish an applicant for a real estate loan with a copy of a(n):

______
A. amortization schedule
B. disclosure statement
C. deed
D. inancial statement"

Answer 1

Under the Truth-in-Lending Act (Regulation Z), a lender is required to furnish an applicant for a real estate loan with a disclosure statement.

Step-by-step explanation:

Under the Truth-in-Lending Act (Regulation Z), a lender is required to furnish an applicant for a real estate loan with a disclosure statement. This disclosure statement provides important information about the loan, including the interest rate, fees, and terms of repayment. It helps the borrower understand the costs and terms associated with the loan.