What aspect of the Truth in Lending Act is referred to as Resignation Z?

The aspect of the Truth in Lending Act referred to as Resignation Z focuses on the protection of consumers by ensuring they receive proper disclosures concerning the terms of their loans. This component of the Act is designed to promote transparency and help consumers make informed decisions about borrowing. It mandates that lenders provide clear information about interest rates, fees, and the total cost of credit, which enables borrowers to better understand what they are agreeing to when taking out a loan.

The emphasis on disclosures is critical because it addresses ethical lending practices by mandating that all necessary information is fully disclosed to consumers. Without such requirements, borrowers could potentially enter into agreements without understanding the implications of their financial commitments. Thus, the concept of Resignation Z aligns closely with the Act's overall goal of safeguarding consumer interests in the lending market.

The other options relate to different regulatory concerns that do not specifically tie into the core purpose of the disclosure requirements laid out in the Truth in Lending Act.