Federal laws attempt to assure a meaningful disclosure of all credit terms,so that consumers will be able to compare various credit terms available.

Question

Quizplus · Accepted Answer

The Truth in Lending Act (TILA) is a federal law that requires lenders to provide consumers with clear and accurate information about the costs and terms of credit. The goal of TILA is to promote informed decision-making and enable consumers to shop for credit with confidence.

Federal Laws Attempt to Assure a Meaningful Disclosure of All