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This query mandates a cogitation of the Truth in Lending Act (TILA) which came into existence in 1968. This Act aspires to conserve the consumer’s interests when it comes to their dealings with lenders and creditors.
The LE (Loan Estimate), CD (Closing Disclosure) and the Appraisal must be provided as per the required legal time frame and anytime upon the customer’s request.
Related Topics: The Loan Estimate (LE) The Closing Disclsoure (CD) What is an Appraisal What Information is included in the Truth-in-Lending disclosure
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