Teri borrows $10,000 from USA Bank to remodel a room in her home. This transaction is subject to

A) no federal law.
B) the Consumer Leasing Act.
C) the Consumer Product Safety Act.
D) the Truth-in-Lending Act.

The Truth-in-Lending Act (TILA) applies to this transaction because it requires lenders to disclose credit terms and costs, which enables consumers to compare loan offers. TILA is designed to protect consumers in credit transactions by ensuring they are informed about the terms and costs of borrowing.