The Truth in Lending Act of 1968 mandates banks quote loan rates as an which effectively the true cost of the loan if the compounding frequency is more tha…

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The Truth in Lending Act of 1968 mandates banks quote loan rates as an __________ which effectively __________ the true cost of the loan if the compounding frequency is more tha…

asked Mar 28, 2021 131k views

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Suge · Answer 1 · 2021-04-03T22:17:21+0000

Answer:

Annual percentage rate; understate

Step-by-step explanation:

The Truth in Lending Act (TILA) protects you against inaccurate and unfair credit billing and credit card practices. It requires lenders to provide you with loan cost information so that you can comparison shop for certain types of loans.

The Truth in Lending Act of 1968 mandates banks quote loan rates as an which effectively the true cost of the loan if the compounding frequency is more tha…

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