Economics Today and Tomorrow, Student Edition
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN: 9780078747663
Author: McGraw-Hill
Publisher: Glencoe/McGraw-Hill School Pub Co
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Chapter 4, Problem 6AA
To determine

To analyze the option best suited for the blank.

Expert Solution & Answer
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Explanation of Solution

The Truth in Loan Act (TILA) is a federal statute passed in 1968 to help protect borrowers in their relations with lenders and creditors. The TILA was enforced by the Federal Reserve Board through a variety of legislation.

The Truth In Lending Act was the first of a series of laws dealing with consumer credit.

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