• Card 3 / 45: Most timeshares units are sold on credit.These lending arrangements must comply with Regulation Z of the Federal Reserve Board . The PRIMARY purpose of Regulation Z, as applied to timeshare sales. is to assure which of the following?
    A) Requirement that lending be done without regard to race , color , or national origin.
    B) Anyone declined of credit is informed of the reasons for being turned down.
    C) A 3 day cooling-off period known as the "rescission period"
    D) Full disclosure of all financing costs and charges.

    Answer:
    D) Full disclosure of all financing costs and charges.

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Timeshare 1

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