easy · Certified Financial Planner General Principles

The Fenwick family is taking out a home-secured loan. Which consumer protection statute requires the disclosure of the Annual Percentage Rate (APR) and provides a three-day right of rescission?

  1. Equal Credit Opportunity Act (ECOA)
  2. Truth in Lending Act (TILA)
  3. Regulation Best Interest (Reg BI)
  4. Fair Credit Reporting Act (FCRA)

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