Regulation used to carry out the Truth-in-Lending Act.
See annual percentage rate, rescission, and Truth in Lending Act.
This regulation was written by the Federal Reserve Board to implement the Truth-In-Lending Act. It requires full written disclosure of the cost of credit being provided to you, expressed as an annual percentage rate (APR).
The Truth in Lending Act (TILA), Title I of the Consumer Credit Protection Act, aimed at promoting the informed use of consumer credit by requiring disclosures about its terms and costs.
Truth in Lending - The Federal Reserve Board’s regulations on disclosures in all types of credit transactions.
Known as the Truth in Lending Act, it is the set of rules controlling consumer lending. Settlement Statement - A statement that lists the monies paid out and received by the buyer and seller at closing.
Requires that a borrower be advised in writing, prior to signing and in a specific, uniform manner, of the interest rate and all costs and fees incurred in a proposed loan transaction.
This regulation, written by the Federal Reserve Board to put into operation the Truth-In-Lending Act, requires that a full written disclosure of the cost of credit being offered to a borrower is expressed as an APR.
A Federal Reserve regulation under the Truth and Lending Law which requires the disclosure of all costs associated with the mortgage and the true cost of the interest rate in the form of the APR. This is disclosed on the Truth and Lending Statement.
See Truth-in-Lending Law.
A federal law also called the Truth-in-Lending Act that requires credit institutions to disclose to buyers the true cost of financing and obtaining credit.
Rules issued by the Federal Reserve Board of Governors in accordance with the Consumer Protection Act, that govern consumer lending.
Federal regulation requiring creditors to provide full disclosure of the terms of a loan and annual percentage rate (APR).
Regulation Z is the part of the Truth-In-Lending Act that requires the lender to disclose the terms of the loan.
Requires that a borrower be advised in writing of all costs associated with the credit portion of a financial transaction. Also known as a truth-in-lending disclosure.
a regulation written by the Federal Reserve Board to implement the Truth-in-Lending Act. It is a comprehensive regulation, containing full restatement of all the requirements of the act and is enforced by the Federal Trade Commission (FTC). Both new real estate loans and assumptions of existing loans come under Regulation Z's purview.
A federal rule which requires lenders to provide borrowers with full disclosure of the terms of a loan.
Truth in Lending - Prescribes uniform methods for computing the cost of credit, for disclosing credit terms, and for resolving errors on certain types of credit accounts. This federal regulation governs all aspects concerning credit cards. It pertains to the issuer and cardholder, as well as any organization involved in the processing of credit cards.
AKA the Truth in Lending Act. Congress determined that lenders must provide a written good faith estimate of closing costs to all borrowers and provide them with other written information about the loan.
Federal Reserve regulation issued under the Truth-in-Lending Act, which, among other things, requires that a credit purchaser be advised in writing of all costs connected with the credit portion of the loan.
Enforcing the Truth-In-Lending Act, Regulation Z applies to lenders and requires disclosure of credit terms.
The title of the Federal Reserve Board's regulations implementing the Consumer Credit Protection Act for all lenders. Also called Truth-in-Lending. This disclosure must be provided within three days of the application. It provides detailed information regarding the Annual Percentage Rate (APR) and other aspects.
The federal code issued under the Truth-in-Lending Act which requires that a borrower be advised in writing of all costs associated with the credit portion of a financial transaction.
A regulation that implements the Truth-In-Lending Act. It applies to all lenders and requires disclosure of credit terms.
A truth-in-lending provision that requires lenders to reveal the actual costs of borrowing.
The set of rules governing consumer lending issued by the Federal Reserve Board of Governors in accordance with the Consumer Protection Act.
Federal Reserve Board regulation covering provisions of the Consumer Credit Protection Act of 1968. Requires creditors to provide full disclosure of the terms of a loan. The interest rate must be stated as an annual percentage rate (APR). Enables the consumer to make informed decisions regarding the cost of credit.
Regulation written by the Federal Reserve Board to implement the Truth-In-Lending Act, requiring full written disclosure of the credit portion of a purchase, including the annual percentage rate.
A federal law that requires a lender to give borrowers the annual percentage rate (APR). The APR helps borrowers compare one loan to another since it factors in not only the interest rate but also all the fees and closing costs that you need to pay. APR, though, is not always the best measure of comparison since not all the lenders include the same fees and closing costs. Regulation Z is also called the Truth-in-lending act.
A federal regulation requiring disclosure of the overall cost of borrowing (truth in lending); states that if you disclose one piece of financial information, you must disclose in its entirety (including the total of all payments and the number of payments). The only exception to this rule is the use of the annual percentage rate. If this is used, no other piece of financial information is necessary.
Implements the Truth-in-Lending Act requiring credit institutions to inform borrowers of the true cost of obtaining credit.
A federal law that requires disclosure by a credit institution or lender of the terms, conditions, and full cost of a loan or mortgage, including the annual percentage rate and any other charges, to the borrower when they apply for the loan
A federal regulation issued to implement the Truth-in-Lending Law.
Regulation set by the federal government requiring creditors to give the full terms and agreements of a loan and the APR (annual percentage rate) to a borrower.
The rule enforced by federal banking regulators that implements the Truth-in-Lending Act. It requires standardized disclosures of credit costs.
A rule, enforced by the Federal Reserve Board and implementing the Truth-in-Lending Act, that requires lenders to disclose all credit-related costs including the annual percentage rate.