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Which of the following is NOT included in Truth-In-Lending?

a. Attorneys fees
b. Installment payments
c. Finance charges
d. Amount of down payment

User Toilal
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1 Answer

3 votes

Final answer:

The Truth in Lending Act requires disclosure of finance charges, the amount financed, the APR, and the payment schedule, but it does not include attorney's fees in its provisions.

Step-by-step explanation:

The question pertains to the U.S. Truth in Lending Act (TILA), which requires that lenders disclose certain information to consumers before extending credit. According to TILA, lenders must provide clear and conspicuous information about the terms of the credit, including finance charges, amount financed, annual percentage rate (APR), and the total of payments to be made by the borrower including installment payments. However, TILA does not require the disclosure of attorney's fees as part of its provisions for transparency in lending. On this list, attorney's fees would be the correct answer to the question 'Which of the following is NOT included in Truth-In-Lending?'

User John Dorner
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