Part 1: Analyze the ads below for Truth in Lending Act violations (lending ad rules summarized below). Identify which ads violate the law and explain how the ads that violate the law could be rewritten to comply.These are the loan terms that trigger TILA's disclosure requirements when they appear in an ad:the amount or percentage of the downpayment,the amount of any finance charge,the amount of any payment,the number of payments, orthe repayment period.If a triggering term appears in an ad, it must also state the other major financing terms that would apply to the transaction:the APR;the amount or percentage of the down payment; andthe payment schedule, showing the number, timing, and amount of the payments.

Ad #2 Seacrest Condominiums Choose from 2 & 3 bedroom townhomes with spectacular greenbelts and views. VA and FHA financing available. Terms to fit your budget. Ad #3 Great buy! 3 bedroom rambler, fenced yard, large country kitchen. No downpayment and easy monthly payments. Ad #4 Own a Hilltop Ridge townhome for less than rent! There's never been a better time to buy, with prices starting at $229,900. 30-year mortgage available. Ad #5 Westview Heights: $3,200 down, $848/month, 360 months! Gorgeous family home. Modern kitchen with breakfast nook. 4 bedrooms, 2 baths. 7.25% annual percentage rate loan. Call 555-5555. Ad #6 New on market! 3 Bd/2.5 Ba; brand-new with all upgrades. Master suite, walk-in closet. Huge yard. 10%s annual percentage rate mortgage available