Business, Legal & Accounting Glossary
A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disclose the terms of a loan, including the total amount of the loan, the annual interest rate and the number, amount and due dates of all payments necessary to repay the loan. The TILA requires additional disclosures and places many restrictions on mortgages.
TILA
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Definitions for Truth In Lending Act are sourced/syndicated and enhanced from:
This glossary post was last updated: 23rd April, 2020 | 0 Views.