This phrase, "If you have great credit your could get great loan terms", would red flag the requirement under the Truth In Lending Act or TILA.
True or False ?
Take your time. The solution is posted below the wildlife photo.
This is a general statement because loan terms are not included in the body of the statement.
Disclosure of the finance charge and annual percentage rate would be required under TILA if loan terms were disclosed in the body of the statement.