Answer:
Disclosing accurate credit terms
Explanation:
One of the government regulations in protecting customers is by ensuring that accurate credit terms are disclosed to customers towards a credit transactions through and appropriate and timely information .
The is the aim of the introduction of the truth in lending acts (TILA) to promote an informed use of consumer credit so that consumers can compare credit terms more readily and knowledgeably and not misled in the course of making loan decision.
This further prohibit mortgage providers from unfair practices that could negatively impact the interest of the lenders .
Disclosing accurate credit terms
Explanation:
One of the government regulations in protecting customers is by ensuring that accurate credit terms are disclosed to customers towards a credit transactions through and appropriate and timely information .
The is the aim of the introduction of the truth in lending acts (TILA) to promote an informed use of consumer credit so that consumers can compare credit terms more readily and knowledgeably and not misled in the course of making loan decision.
This further prohibit mortgage providers from unfair practices that could negatively impact the interest of the lenders .
