Is a lender required to disclose the total amount of interest payable throughout the term of a loan?

A lender is not required to disclose the total amount of interest payable throughout the term of a loan as a standard practice. The primary requirement for lenders is to disclose the annual percentage rate (APR) and certain other key loan terms, but a specific total interest amount over the life of the loan is not mandated by federal law.

This means that while total interest can be calculated and provided to a borrower, it isn't a necessary disclosure unless specific terms of the loan agreement stipulate otherwise. Many borrowers may be more interested in understanding how the monthly payments will affect their finances rather than the total interest component over the entire term.

While some lenders might voluntarily provide this information to promote transparency or help borrowers make informed decisions, there is no legal obligation to do so across all situations or types of loans. Thus, this aligns with the answer choice highlighting that it is not required.