Question

Regulation Z of the Truth-in-Lending Law would apply to real estate loans for all except which of the following?A) Residential loanB) Commercial loanC) Personal loanD) Agricultural loan under $25,000

Answer 1

B) Commercial loan

Step-by-step explanation:

The Truth in Lending Act and Regulation Z only applies to consumer-purpose loans and These are loans and credit used primarily for personal, family, or household purposes, It does not apply to credit extensions that are primarily for business purposes.