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6. The Truth-in-Lending Act (TILA) includes all of the following except: a. Statement of Annual Percentage Rate (APR) b. Variable rate disclosure c. Prepayment penalties

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6. The Truth-in-Lending Act (TILA) includes all of the following except: a. Statement of Annual Percentage Rate (APR) b. Variable rate disclosure c. Prepayment penalties d. Right of Rescission for 30 days with regards to the borrower The following information is to be used to answer Question 7 & 8 Suppose that you have decided to purchase a house for $400,000 using an adjustable-rate mortgage with the terms provided below. Loan-to-value ratio: 90%

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