Q: Does the Truth in Lending Mean I don’t have to make a down payment on a car
No. "Truth in Lending" is a well-used financial phrase used to remind people that the government requires lenders to disclose all the interest, fees and other costs related to each lending transaction.
However, it does not apply to every kind of lender there is out there; for example, private loans made between two or more individuals are exempt from disclosure.
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