#1662
An unsecured loan for 50 thousand dollars would be covered by the Truth In Lending Act.
Is this fact true or false ?
Please take your time. The solution is below the wildlife photo.
A. False
The Truth In Lending Act excludes consumer loans not secured by real property that are in excess of 25 thousand dollars.
Seller financing is also excluded, as are loans for business or agriculture.
See what you can discover about the Truth In Lending Act (TILA).
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