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AtGlobal, Inc. claimed in its advertisement that you can buy electronic items on credit. Which federal law is applicable when AtGlobal, Inc. states its credit terms?

A. Fair Debt Collection Practices Act
B. Truth in Lending Act
C. Fair Credit Billing Act
D. Fair Credit Reporting Act
E. Equal Credit Opportunity Act

Sagot :

GinnyAnsweridn

Final answer:

The Truth in Lending Act (TILA) regulates credit terms in advertisements, ensuring consumer information and protection.


Explanation:

The applicable federal law when AtGlobal, Inc. states its credit terms in advertisements is the Truth in Lending Act (TILA). TILA ensures consumers are informed about the terms and costs of credit in a clear and consistent manner.

It requires disclosure of key terms such as the annual percentage rate (APR) and finance charges to help consumers make informed decisions.

Additionally, TILA provides borrowers with rights to dispute errors on their credit accounts and protects them from unfair practices.


Learn more about Truth in Lending Act (TILA) here:

https://brainly.com/question/39126527


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