A team member asks about TILA APR Disclosure in a compliance desk review while trying to select the answer that fits the governing requirement. Which response should a licensing coordinator use?
Correct Answer
A) Base the answer on the covered-credit disclosure rule
Regulation Z requires accurate APR, finance-charge, disclosure, and mortgage-credit practices. The best answer is "Base the answer on the covered-credit disclosure rule".
Why This Is the Correct Answer
Regulation Z requires accurate APR, finance-charge, disclosure, and mortgage-credit practices. The best answer is "Base the answer on the covered-credit disclosure rule".
More Federal Laws Questions
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