Does this violate the truth-in-lending act

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Reference no: EM131494899

Question: If you find errors in your credit report, what can you do to correct them? 16. Allen burrowed $10,000 for his business from a friend and agreed to pay interest at the rate of 25 percent per year, but this was not disclosed in the promissory note he gave to his friend. Does this violate the Truth-in-Lending Act?

Reference no: EM131494899

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