Truth-in-Lending

Truth-in-Lending – A federal law that requires lenders to disclose certain items on a loan. These include but are not limited to annual percentage rate, term, number of payments, etc.

  • Example: All lenders must follow the truth-in-lending law when loaning money, which requires them to disclose the terms, conditions and rate on a loan.
Print Friendly

Facebook Comments

comments

Powered by Facebook Comments