according to the truth in lending act which of the following is the bank NOT obligated to inform you of?- I NEED THE RIGHT ANSWER, people been giving the wrong, I will vote brainliest

A.Interest Calculating method

B.Maximum Finance Charge

C.Annual Fee Amount

D.APR

Respuesta :

Answer: The answer is (A) Interest Calculating method.


Step-by-step explanation: We are given four options and told to choose one of them which the bank NOT obligated to inform us according to the Truth In Lending Act.

The Truth In Lending Act (TILA) gives bank the permission to  disclose credit terms in an easily understandable manner so that customers can confidently compare interest rates and conditions. They are given complete excess to the method of calculating interest on the principal amount.

Thus, the correct option is (A) Interest Calculating Method.


Answer: APY

Step-by-step explanation:

ACCORDING TO THE TRUTH I. LEADING ACT,... APEX2019