Definitions for "Truth-in-Lending Act"
Federal legislation that provides borrowers with specific information on the cost of obtaining credit.
The Truth-In-Lending Act is a law that requires that the terms of the loan agreement and all costs involved appear on the contract between the lender and the borrower.
A federal law mandating that all terms of the loan be disclosed to the borrower.
Keywords:  regulation, see
See Regulation Z.