TeachMeFinance.com - explain Truth-In-Lending
a federal law obligating a lender to give fuII written disclosure
of aII fees, terms, and conditions associated with the loan initial
period and then adjusts to another rate that lasts for the term
of the loan.
Truth-In-Lending -- the popular name for the Consumer Credit Protection Act (Regulation Z), which requires lenders to disclose to borrowers the cost of financing during the life of the loan.
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