Truth In Lending Act

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Definition: Truth In Lending Act

Truth In Lending Act

Quick Summary of Truth In Lending Act

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.

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Synonyms For Truth In Lending Act

TILA

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Page URL
https://payrollheaven.com/define/truth-in-lending-act/
Modern Language Association (MLA):
Truth In Lending Act. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 16, 2024 https://payrollheaven.com/define/truth-in-lending-act/.
Chicago Manual of Style (CMS):
Truth In Lending Act. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/truth-in-lending-act/ (accessed: April 16, 2024).
American Psychological Association (APA):
Truth In Lending Act. PayrollHeaven.com. Retrieved April 16, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/truth-in-lending-act/

Definition Sources

Definitions for Truth In Lending Act are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 23rd April, 2020 | 0 Views.