Answer: The answer is (B) notify applicants of credit card terms.
Step-by-step explanation: In the given question, four options are there and we are to choose one of them which the bank NOT obligated to inform us according to the Truth In Lending Act.
We all are familiar with TILA (The Truth In Lending Act). TILA gives the authority to bank so that they can disclose credit terms in an easy manner so that customers can understand and confidently compare interest rates and conditions.
Thus, the correct option is (B) notify applicants of credit card terms.
