Which of the following is required under TILA?

Under the Truth in Lending Act (TILA), the primary requirement is the disclosure of loan terms to consumers. This legislation is designed to promote informed use of credit by requiring clear and conspicuous disclosure of key terms, which enables borrowers to understand the costs associated with the loan. This information typically includes the annual percentage rate (APR), finance charges, the amount financed, and the total payments. By ensuring borrowers have access to this critical information before finalizing a loan, TILA helps consumers make knowledgeable decisions regarding their financing options.

The other options, while important in the real estate process, do not fall under the specific requirements established by TILA. Evaluation of the property, appraisal value assessment, and loan qualification examination are related to the overall lending and real estate process but are governed by different regulations and standards beyond the scope of TILA. Thus, they are not requirements mandated by this act.