Question

Credit regulations require lenders to

consider only borrowers’ salaries.
disclose credit terms to borrowers.
use borrowers’ personal information.
attract borrowers as they see fit.

Answer 1

Credit regulations require lenders to **disclose credit terms to borrowers**. This is to ensure transparency and help borrowers understand the terms and conditions associated with the credit they are being offered. While lenders may use personal information and consider various factors in their lending decisions, the key requirement is the disclosure of credit terms.