Alabama Real Estate Practice Exam

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Prepare for the Alabama Real Estate Exam. Utilize flashcards and multiple-choice questions, each coupled with hints and explanations. Ace your upcoming test!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

Which act encompasses the Truth in Lending Act?

Real Estate Settlement Procedures Act
Consumer Credit Protection Act
Fair Housing Act
Mortgage Reform and Anti-Predatory Lending Act

The correct answer is: Consumer Credit Protection Act

The Truth in Lending Act is part of the Consumer Credit Protection Act, which was enacted to protect consumers from unfair or deceptive practices in the credit industry. The other options listed are not related to the Truth in Lending Act. A is a different law that regulates real estate transactions, C is a law that prohibits discrimination in housing, and D is a law that addresses mortgage lending practices. Therefore, option B is the only one that includes the Truth in Lending Act within its scope.