Which of the following documents shows the cost of a loan expressed as an annual percentage rate?

The document that shows the cost of a loan expressed as an annual percentage rate (APR) is the Truth in Lending (TIL) Disclosure. The TIL Disclosure was created to provide borrowers with clear and comprehensive information about the terms of a loan, including the associated costs expressed as an APR. This rate allows consumers to understand the true cost of borrowing, taking into account not just the interest rate, but also upfront fees and other costs associated with the loan.

The TIL Disclosure is particularly useful for comparing different loan offers, as it provides a standardized measure of borrowing costs. By presenting the APR, it enables consumers to make more informed financial decisions by understanding the overall cost of credit, rather than just the nominal interest rate.

In contrast, the other documents listed serve different purposes. The Consumer Caution Notice is intended to inform consumers about certain risks and considerations when obtaining loans. The HUD-1 statement is a closing document that outlines the transaction details, including costs and fees at closing, but it does not express the total loan cost as an APR. HOEPA, or the Home Ownership and Equity Protection Act, relates to high-cost mortgages and requires specific disclosures, but it does not specifically provide the APR of the loan.