e220449 Edoardo Bruna 09/04/2023

Week #12
As I reflect on this week's law class on lending, I am struck by the importance of
understanding the terms and conditions of borrowing money. As a 19-year-old student, I have
already had personal experience with borrowing money, and I know firsthand how confusing
and overwhelming it can be to navigate the world of loans and credit.

One of the most important things I learned in class was the different types of loans
available, from personal loans to student loans to credit cards. Each type of loan has its own
set of requirements and interest rates, and it is crucial to understand these factors before
taking on any debt.

Another key lesson from class was the legal requirements that lenders must follow
when offering loans. For example, lenders must provide clear and transparent information
about the terms of the loan, including interest rates, fees, and repayment schedules. They
must also adhere to anti-discrimination laws and cannot deny loans based on factors such as
race, gender, or age.

One personal experience that I have had with borrowing money was when I took out
a student loan to pay for my college tuition. At the time, I was excited to have the opportunity
to pursue higher education, but I did not fully understand the long-term implications of taking
on debt. I did not fully comprehend the concept of interest rates and how they would affect
my loan repayment in the future.

Now, after learning more about lending in my law class, I realize the importance of
being fully informed and educated about the terms and conditions of borrowing money. This
includes understanding the interest rates, fees, repayment schedules, and legal requirements
that lenders must follow.

In conclusion, this week's law class on lending has been invaluable in helping me
understand the complex world of loans and credit. I now realize the importance of being fully
informed and educated before taking on any debt, and I feel more confident in my ability to
navigate the lending landscape in the future.