Federal Truth-in-Lending Act

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• Truth in Lending Act — (TILA) A federal law that requires lenders to disclose the true cost of credit transactions by providing certain information to borrowers, including the terms of a loan, interest rates, and the number, amount, and due dates of all payments… …   Law dictionary

• truth-in-lending act — n. A federal law requiring lenders to reveal to consumers applying for commercial credit the true cost of that credit, in order to enable consumers to shop around for the most favorable credit terms. The Essential Law Dictionary. Sphinx… …   Law dictionary

• Truth in Lending Act — The Truth in Lending Act (TILA) of 1968 is a United States federal law designed to protect consumers in credit transactions by requiring clear disclosure of key terms of the lending arrangement and all costs. The statute is contained in title I… …   Wikipedia

• Truth-in-Lending Act — The purpose of the Truth in Lending Act (15 U.S.C.A. No. 1601 et seq.) is to assure that every customer who has need for consumer credit is given meaningful information with respect to the cost of that credit. In most cases the credit cost must… …   Black's law dictionary

• Truth in Lending Act — The purpose of the Truth in Lending Act (15 U.S.C.A. No. 1601 et seq.) is to assure that every customer who has need for consumer credit is given meaningful information with respect to the cost of that credit. In most cases the credit cost must… …   Black's law dictionary

• Truth In Lending Act - TILA — A federal law enacted in 1968 with the intention of protecting consumers in their dealings with lenders and creditors. The Truth in Lending Act was implemented by the Federal Reserve through a series of regulations. The most important aspects of… …   Investment dictionary

• Truth-in-Lending Act — A Federal statute that governs a number of practices related to bank loans especially, but not only, consumer loans. The Federal Reserve Board of Governors has adopted Regulation Z to implement this statute. The regulation has specific… …   Financial and business terms

• Truth in Lending Act — (TILA)    A federal law that requires a commercial lender (e.g., bank, savings and loan, mortgage broker, credit card company) to give a prospective borrower exact information on interest rates and due dates and amounts, as well as a three day… …   Business law dictionary

• Federal Deposit Insurance Corporation — FDIC …   Wikipedia

• Federal Reserve Act — Full title An Act To provide for the establishment of Federal reserve banks, to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for… …   Wikipedia

• Federal Reserve System — FRB and FED redirect here. For other uses, see FRB (disambiguation) and FED (disambiguation). Federal Reserve System …   Wikipedia