Credit Disclosures

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January 1, 1 6 min read Definitions

Truth in Lending TILA Regulation Z Consumer Credit Credit Disclosures Financial Agreements Credit Transactions

The Truth in Lending Act (TILA) is a federal law designed to promote the informed use of consumer credit by requiring disclosures about its terms and cost. Implemented by Regulation Z, it aims to standardize and safeguard credit transactions, ensuring consumers are aware of and understand key aspects of the financial agreements they enter.