What kind of information must lenders provide under the Truth-in-Lending Act?

Under the Truth-in-Lending Act (TILA), lenders are required to provide borrowers with critical financial information that allows them to make informed decisions regarding credit and loans. This includes the interest rate charged, which indicates what borrowers will pay for the privilege of borrowing money. Additionally, lenders must disclose the total cost of the loan, encompassing all associated fees and charges, enabling borrowers to understand the economic impact of their borrowing over time. Furthermore, while the credit score itself is not typically required by TILA, lenders do need to inform borrowers about the factors that affect their creditworthiness during the lending process.

Given the comprehensive nature of TILA's requirements, the correct answer encompasses all these elements, ensuring that borrowers are fully informed about the terms and costs associated with their loans. This holistic approach to transparency in lending is crucial, as it empowers consumers in their financial decisions.