Under TILA guidelines, all of the following disclosures are provided for an adjustable-rate loan, except:
a. Frequency of changes in the annual percentage rate
b. Possibility of changes in the payment amount over time
c. The index used to determine rate adjustments
d. Statement that the interest rate will be offered for the duration of the loan
Ans: d. Statement that the interest rate will be offered for the duration of the loan
Business
You might also like to view...
In which of the following countries do some hospitals and hotels partner to offer packages that combine a hotel stay with a treatment package?:
a. Taiwan b. Canada c. Thailand d. Singapore
Business
DMs tend to focus on symptoms rather than causes
Indicate whether the statement is true or false
Business