The Federal Truth-In-Lending Act

The Federal Truth-in-Lending Act:

A) sets minimum and maximum interest rates for various types of loans.
B) mandates that a financing statement be prepared when credit is extended by a business to a consumer.
C) applies to personal property loans such as car or education loans, but does not apply to real property loans such as a purchase of a house.
D) regulates the advertising used by lenders to attract loan customers.
E) establishes dischargeable debts in cases of bankruptcy.

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