According to the Truth-in-Lending Act, which of the following disclosures is NOT required if trigger terms are used in advertising?

In accordance with the Truth-in-Lending Act (TILA), certain disclosures are mandated when specific "trigger terms" are utilized in advertising a mortgage or credit-related offer. Trigger terms can include specifics like the amount of the loan, monthly payment amounts, or the number of payments. When these terms are presented, the lender is required to disclose key information to ensure consumers can make informed decisions.

Among the disclosures required when trigger terms are advertised, the annual percentage rate (APR), payment terms, and loan term length are essential for providing clarity on the cost and structure of the loan. The APR gives consumers a comprehensive view of the loan's overall expense, while payment terms outline how often and how much the borrower will pay. Loan term length also informs the consumer about how long they will be repaying the loan.

Prepayment penalties and rebates, while important to understand in the context of loan agreements, are not explicitly mandated disclosures under TILA when trigger terms are present in advertising. This makes it unnecessary to include them in the disclosure requirements tied to trigger terms. Therefore, selecting prepayment penalties and rebates as the answer correctly identifies that this information is not required in the context of the specified advertising disclosures.