In order to come within the scope of the truth-in-lending act, a loan must be in the amount of unless it is secured by a mortgage on real estate.

a. $50,000 or more

b. $50,000 or less

c. $30,000 or more

d. $40,000 or less

e. $25,000 or less

In order to come within the scope of the Truth-in-Lending Act, a loan must be in the amount of  $50,000 or less unless it is secured by a mortgage on real estate.

Option B

Explanation:

Truth in lending act is the act which was passed for the protection of the consumers to provide them with the credit that they require. The amount for which the loan is to be given to the consumers should not cross $50000 if it has to be under the scope of the truth in lending act. If more loan is required, then the consumer should mortgage a real estate property which is possessed by him for a higher amount.

by using  production possibilities graph.  opportunity costs are key expenses in financial matters and are utilized as a part of registering money saving advantage investigation of a venture. such expenses, be that as it may, are not recorded in the record books but rather are perceived in basic leadership by processing the money costs and their subsequent benefit or misfortune.