Homer Simpson borrows

$175,000

from the First Bank of Springfield to buy a home.\ Federal law regulates the terms of the mortgage that must be disclosed in writing in clear, readily understandable language. What are the major terms that must be disclosed under the Truth-in-Lending Act?\ All of the above\ the market value of the home\ the right to assign the mortgage loan to another person\ he loan principal, the interest rate at which the loan is made, the annual percentage rate (APR), and all fees and costs associated with the loan.

Homer Simpson borrows $175,000 from the First Bank of Springfield to buy a home. Federal law regulates the terms of the mortgage that must be disclosed in writing in clear, readily understandable language. What are the major terms that must be disclosed under the Truth-in-Lending Act? All of the above the market value of the home the right to assign the mortgage loan to another person he loan principal, the interest rate at which the loan is made, the annual percentage rate (APR), and all fees and costs associated with the loan