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← Lesson
Consumer Protection Laws: The Rights You Already Have
Question 1 of 7
Multiple choice
What does the Truth in Lending Act (TILA) require lenders to do?
Offer the lowest interest rate available in the market
Clearly disclose APR, total interest cost, and all loan terms before you sign any credit agreement
Report all loans to the three credit bureaus within 30 days
Provide a 30-day cancellation period for all consumer loans
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