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5 October, 12:31

Nadia was informed about the interest rate and fees before she opened her account with the bank. What act or right made sure she was informed?

Equal Credit Opportunity Act

The Truth in Lending Act

Expedited Funds Availability Act

The Truth in Savings Act

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Answers (2)
  1. 5 October, 12:38
    0
    The Truth in Savings Act
  2. 5 October, 12:45
    0
    The correct answer is D, The truth in Saving Account.

    Explanation:

    When a person goes to a bank to open his account to deposit his money, he has some choices in front of him. He can either open a saving account or open a current account. Before opening any of the account, the person is properly informed about the rules and regulations and restrictions of the accounts they are offering, and is given a form of terms and conditions to read and fill. In this form the The truths about the interest rates and fees are written. The Truth in saving account is being informed to the client before opening the account, so that he would be fully aware of all the fees and interest rate associated with that account.
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