The Truth in Lending Act (TILA) requires creditors A) to inform you

The Truth in Lending Act (TILA) requires creditors

A)

to inform you of the amount of monthly interest but not how it is determined.
B)

to tell you the APR, the interest rate applicable during a period, and the method used to determine the balance to which the rate is applied.
C)

to inform you only of the APR; with this, you can determine all other information if you want it.
D)

simply to be truthful in any information provided; the kind and amount of such information is up to them.

ANSWER

B