The purpose of the Truth in Lending Act (TILA) is to promote the informed use of credit by

A. Real Estate Professionals.
B. Lenders.
C. Consumers.
D. Escrow companies.

Answer: C. Consumers.

Business

You might also like to view...

In a listing agreement the broker receives as commission all excess monies above the minimum sales price agreed on by the broker and seller. This would be considered:

A. An open listing. B. An exclusive right to sell listing. C. A net listing. D. An implied listing.

Business

A "guaranteed renewable" health insurance policy is also known as a "noncancellable" policy

Indicate whether the statement is true or false

Business