Financial Disclosure

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January 1, 1 7 min read Definitions

Regulation Z Truth in Lending Act TILA Creditors Loan Disclosure Annual Percentage Rate APR Residential Real Estate Real Estate Regulation Financial Disclosure

Regulation Z, also known as the Truth in Lending Act (TILA), requires creditors to provide full disclosure of the terms of a loan, including the interest rate as an Annual Percentage Rate (APR). This regulation is compulsory for anyone who arranges credit for more than five sales of residential real estate in a year.