In closed-end credit sales, what item is NOT required to be disclosed?

In closed-end credit sales, certain key details are mandated to be disclosed to ensure transparency and inform the consumer adequately about the terms of the financing arrangement. The amount or percentage of the down payment, the annual percentage rate (APR), and the terms of repayment are all essentials in providing a clear picture of the financial obligations the buyer would be committing to.

The item that is not required to be disclosed in this context is the tax rate. While tax implications may certainly affect the overall cost of a vehicle or financing, they are not specifically mandated disclosures under the terms of closed-end credit regulations. This distinction helps streamline the focus on the fundamental financial elements directly tied to the credit arrangement itself, rather than ancillary factors. Thus, the correct answer highlights the regulatory emphasis on ensuring consumers are informed about the most pertinent aspects of their credit transaction.