The Truth in Lending Act
June 19, 2008 by Carl Chapman
Filed under Arizona Mortgages
Understanding The Truth in Lending Act
the federal Truth in Lending Act (TILA) was created in Congress in 1968. The act was part of the Consumer Protection Act. The law was passed so that consumers would be protected in credit transactions. Lenders are required to disclose clearly to the consumer the terms and costs of [...]
