Truth in Lending Act 1968

The TILA forbids _______ from steering potential buyers to loans that benefit the lender. 

• Scammers
• Banks
• Lenders
• Signs

We needed it because it was designed to protect ________ and to inform them about the true cost of credit.

• Consumers
• People
• Accounts
• Money

The TILA provides the right of rescission this gives borrowers a ______ day period where they can reconsider their decision to take the loan without any risk of loss to personal funds.

• Four
• Two
• Seven
• Three

The TILA generally applies to __________ who regularly  extend consumer credit that is primarily used for personal, family, or household purposes.

• Borrowers
• Lenders
• Creditors
• Banks

The TILA allows the _______ to act in the interest of all consumers to prevent discipline and a unfair act.

• FTC
• TMA
• FICA
• BOA