Which of the following is a criterion for a loan to require Regulation Z disclosures?

A loan requires Regulation Z disclosures primarily when it is considered a consumer loan, which is one of the key factors that determine the applicability of the Truth in Lending Act (TILA). In this case, the option indicating that the loan is less than $54,600 and is consumer-based aligns perfectly with the criteria for Regulation Z disclosures.

Regulation Z specifically covers loans made primarily for personal, family, or household purposes. The threshold of $54,600 is significant; loans under this amount should follow Regulation Z if they are consumer loans. This emphasizes that the regulation focuses on protecting consumers in their financial dealings, ensuring they receive clear and comprehensive information about credit terms.

In contrast, loans for business purposes, those to corporations, or those equal to or above $70,000 do not trigger the same disclosure requirements under Regulation Z, as they may fall outside the protections intended for individual consumers. Thus, the unique combination of consumer orientation and the specified amount less than $54,600 correctly identifies when Regulation Z disclosures are required.