The specific provisions of the Truth in Lending Act that explains in great detail who and what is covered by the regulation and gives specific disclosure and other requirements that have to be met for open-end and closed-end credit transactions are implemented through:

A) the Fair Debt Collection Practices Act
B) the practice and compliance department
C) the quality department
D) Regulation Z

Question

​The specific provisions of the Truth in Lending Act that explains in great detail who and what is covered by the regulation and gives specific disclosure and other requirements that have to be met for open-end and closed-end credit transactions are implemented through:A)  ​the Fair Debt Collection Practices ActB)  ​the practice and compliance departmentC)  ​the quality departmentD)  ​Regulation Z

Jamya Huewitt · Accepted Answer

Final Answer : D, Explanation :  The Truth in Lending Act's specific provisions, including detailed explanations of coverage and specific disclosure requirements for both open-end and closed-end credit transactions, are implemented through Regulation Z. This regulation is designed to protect consumers by ensuring they are provided with clear and accurate information about credit terms.

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