| A | B |
|---|
| Do usury laws apply to carrying charges imposed on credit purchases of goods and services "on time"? | No |
| Does the federal Truth in Lending Act limit the percentage of interest that may be charged on a loan? | No |
| Are creditors required to make a full disclosure of finance charges on consumer loans? | Yes |
| Does the Truth in Lending Act apply to first mortgage loans on homes? | No |
| Is the total price paid in lending usually higher than a cash or credit purchase would be? | Yes |
| Can a creditor ask for an applicant's marital status if the applicant is applying for an unsecured separate account? | No |
| Can credit card holders withhold payments for items that prove defective without being held liable for the entire amount owed? | Yes |
| Must a company who denies an applicant credit give the applicant a reason for the denial? | Yes |
| Was the Federal Fair Credit Reporting Act enacted to govern companies that help consumers repair their credit histories? | No |
| Is a credit card holder liable for the unauthorized use of the credit card? | Yes |
