Question: Which statement below is correct about the Truth in Lending Act? a. The Act lists the kinds of credit transactions for which a consumer can

Which statement below is correct about the Truth in Lending Act?

a. The Act lists the kinds of credit transactions for which a consumer can obtain a commercial loan.
b. The Act requires a lender to disclose the finance charge and the annual percentage rate of a loan.
c. The Act discloses the names of banks that have had problems in the past with their consumer loans.
d. The act establishes a maximum interest rate for all states in the U.S.

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