Which of the following is NOT required when advertising a closed end credit sale?

When advertising a closed-end credit sale, certain vital information must be disclosed to ensure transparency and comply with federal regulations, specifically the Truth in Lending Act. This act mandates that creditors disclose specific terms to consumers in a clear and straightforward manner.

The Annual Percentage Rate (APR), down payment amount, and payment terms are all essential pieces of information that must be included in advertising for closed-end credit sales. These elements provide consumers with a complete picture of the financial obligation involved in the sale, allowing them to make informed decisions.

The tax rate, however, is not a required disclosure in such advertisements. While taxes may impact the overall price of a purchase, they do not fit the specific category of information required by the Truth in Lending Act for transparency in financing terms. As a result, including the tax rate is not mandated in advertising close-end credit sales.