3.41- What is the core concepts of the Truth-in-Lending Act?

TILA (truth in lending act) is a federal legislation which is designed to promote the informed use of consumer credit.It standardizes use of disclosures to inform the borrower about the cost and fees associated with the mortgage application

Related Topics: What Types of loans are covered under TILA? Explain General information about the TILA-RESPA Disclosure Rule

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