Analyze the ads below for Truth in Lending Act violations $($lending ad rules summarized below$).$

Identify which ads violate the law and explain how the ads that violate the law could be rewritten to comply.

These are the loan terms that trigger TILA$$s disclosure requirements when they appear in an ad:

the amount or percentage of the downpayment,

the amount of any finance charge,

the amount of any payment,

the number of payments, or

the repayment period.If a triggering term appears in an ad$,$ it must also state the other major financing terms that would apply to the transaction:

the APR;

the amount or percentage of the down payment; and

the payment schedule, showing the number, timing, and amount of the payments.Ad #$1$

Get that dream home.

NOW!

$$400,000$ home loan for $$\frac{958}{?}$ month

Purchase$/$refinance $1-800-555-1111$

Ad #$2$

Seacrest Condominiums

Choose from $2$&$3$ bedroom townhomes with spectacular

greenbelts and views.

VA and FHA financing available.

Terms to fit your budget.

Ad #$3$

Great buy!

$3$ bedroom rambler, fenced yard, large country kitchen.

No downpayment and easy monthly payments.

Ad #$4$

Own a Hilltop Ridge townhome for less than rent!

There's never been a better time to buy, with prices starting at

$$229,900.$

$30-$year mortgage available.

Ad #$5$

Westview Heights: $$3,200$ down, $$848/$month$,360$ months!

Gorgeous family home. Modern kitchen with breakfast nook.

$4$ bedrooms, $2$ baths.

$7\mathrm{.}25\%$ annual percentage rate loan. Call $555-5555.$

Ad #$6$

New on market!

$3B\frac{d}{2\mathrm{.}5}Ba$; brand$-$new with all upgrades.

Master suite, walk$-$in closet. Huge yard.

$10\%$ s annual percentage rate mortgage available.