All of the following statements are true about APR except:

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All of the following statements are true about APR except:

A. With an ARM, the loan still has one APR

B. TILA requires that the APR be disclosed to a consumer when they call for an interest rate quote

C. TILA does not require that the APR be disclosed on an Internet inquiry for a rate

D. The APR will be a bit more than the interest rate on the note

Answer: C. TILA does not require that the APR be disclosed on an Internet inquiry for a rate

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