Which type of loan does Regulation Z (the Truth in Lending Act) apply to?

Regulation Z, part of the Truth in Lending Act, is designed to protect consumers in credit transactions and requires lenders to disclose the terms and costs of a loan clearly. This regulation specifically applies to loans made for personal, family, or household purposes, which includes most consumer credit transactions.

In the context of the options provided, a $75,000 condo loan falls under this consumer transaction umbrella, as it is utilized for personal residence. The regulation ensures that borrowers are informed about the true cost of borrowing, including interest rates and any fees, enabling them to make informed decisions.

The other options do not typically fall under the scope of Regulation Z. Commercial loans and agricultural loans over certain thresholds are generally excluded, as they are not intended for personal or household use. Additionally, personal loans under $25,000 may also be exempt from certain disclosures required by Regulation Z, depending on various factors including their nature and purpose. Thus, the application of Regulation Z to the $75,000 condo loan makes it the correct answer.