From: Brad Sweet Subject: Reg Z - Truth in Lending Comments: Date: Dec 04, 2009 Proposal: Regulation-2026

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From: Brad Sweet Subject: Reg Z - Truth in Lending Comments: Date: Dec 04, 2009 Proposal: Regulation Preview on Page 1

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Regulation Z implements the TILA and is complicated and lengthy, addressing all consumer credit products.
The Truth in Lending Act, or TILA, also known as regulation Z, requires lenders to disclose information about all charges and fees associated with a loan. This 1968 federal law was created to promote honesty and clarity by requiring lenders to disclose terms and costs of consumer credit.
Regulation Z protects consumers from misleading practices by the credit industry. The Truth in Lending Act applies to home mortgages, home equity lines of credit, reverse mortgages, credit cards, installment loans, and student loans.
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