Final answer:
The Minnesota seller was most likely in violation of The Truth-in-Lending Act, which requires clear disclosure of loan costs and terms, leading to the $2,500 lawsuit. option a is answer
Step-by-step explanation:
If a Minnesota seller who was providing financing was successfully sued by a buyer for $2,500, it is likely that the seller was in violation of (A) The Truth-in-Lending Act. This Act requires that lenders disclose to buyers the terms and costs of borrowing in a clear and straightforward manner. Violations of this Act can lead to lawsuits and penalties, such as the $2,500 mentioned in the question.
The Fair Housing Act pertains to discrimination in housing, the Minnesota Consumer Protection Act involves consumer transactions broadly but not specifically financing, and the Real Estate Settlement Procedures Act involves the closing process of real estate transactions. option a is answer