til: Regulation Z Amended by the Board
- 03/18/11 08:02 AM
The Board issued the final rules amending the Regulation Z, which Implements the truth Lending Act and Home Ownership and Equity Protection Act. TILA or The Truth in Lending Act is aimed at promoting the informed use of consumer credit by requiring disclosures or revelations about its terms and costs. Generally, this regulation relates to each individual or business that offers credit when the credit is offered to consumers. The credit is subject to a finance charge or is payable by a written agreement in more than four installments and the credit is primarily for personal, family or household purposes. The … (0 comments)
The Board issued the final rules amending the Regulation Z, which Implements the truth Lending Act and Home Ownership and Equity Protection Act. TILA or The Truth in Lending Act is aimed at promoting the informed use of consumer credit by requiring disclosures or revelations about its terms and costs. Generally, this regulation relates to each individual or business that offers credit when the credit is offered to consumers. The credit is subject to a finance charge or is payable by a written agreement in more than four installments and the credit is primarily for personal, family or household purposes.
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