n. a federal statute which requires a commercial lender (bank, sa...

In the US, a law which protects consumers by requiring companies which offer loans, credit and charge cards, etc., to disclose full information regarding terms and interest rates.

The Truth in Lending Act (TILA) is the primary federal law governing the extension of consumer credit by lenders in the United States. Congress instituted the the Truth in Lending Act in 1968 to ensure more accurate disclosure of credit terms so that consumers could compare the various credit terms available in the credit marketplace, to avoid the [..]

Part of the Consumer Protection Act, the Truth in Lending Act, among other things, requires lenders to disclose the annual percentage rate, the total cost of the loan, and other terms. It also regulates credit advertising.

Title I of the Consumer Protection Act. Requires that most categories of lenders disclose the annual interest rate, the total dollar cost and other terms of loans and credit sales.

A federal law that requires lenders to disclose the true cost of credit transactions by providing certain information to borrowers, including the terms of a loan, interest rates, and the number, amoun [..]

The Truth in Lending act promotes having credit card owners becoming more informed when deciding which card to use. It gives consumers more accurate information so they are able to compare different credit cards before choosing. Credit card issuers are required to give all information about the terms and conditions of the credit card so that consum [..]

The Truth in Lending Act is a Federal law that requires lenders to provide standardized information so that borrowers can compare loan terms. In general, lenders must provide information on

A federal law that requires creditors to disclose finance charges and interest rates in a standard, uniform manner.

The Truth In Lending Act requires lenders to disclose the Annual Percentage Rate and other associated costs to homebuyers within three working days of the loan application.

The Truth-In-Lending Act is a federal law that requires that all terms in a consumer credit transaction be fully explained. The Truth In Lending Act is designed to reduce confusion among consumers res [..]

Truth in Lending The popular name for the Consumer Credit Protection Act passed in 1989. This federal law requires disclosures of credit terms using a standard format.

A United States federal law governing the disclosure of credit terms and costs that appear on a loan agreement.

A law that required a lender to inform a borrower of the amount financed, total finance charges, annual percentage rate, payment schedule, and many more important figures.

The Truth in Lending Act is a Federal law that requires lenders to provide standardized information so that borrowers can compare loan terms. In general, lenders must provide information on what credit will cost the borrowers, when charges will be imposed, and what the borrower's rights are as a consumer.