Under TILA, which of the following must lenders not do?

Under the Truth in Lending Act (TILA), lenders are specifically prohibited from providing misleading information about loans. This regulation aims to ensure that consumers receive clear and accurate disclosures regarding the terms and costs associated with credit transactions. By mandating transparency, TILA helps borrowers make informed decisions, thus promoting fair and responsible lending practices. Misleading information can lead borrowers to misunderstand the loans they are considering, possibly resulting in financial distress or unfavorable lending situations.

The other options represent allowable or encouraged practices under TILA. Offering various loan options helps borrowers find a solution that meets their needs. Selecting loan options based on borrower qualifications helps ensure that individuals are offered products that suit their financial situations. Charging fees for providing loan information, while subject to certain regulations, can be permissible as long as the fees are appropriately disclosed and are in line with TILA's requirements.