| Truth in Lending Act |
|
|
|
| Mortgage Law | |
|
The Truth in Lending Act requires disclosure of the "finance charge," the "Annual Percentage Rate" (APR), and certain other costs and terms of credit so that consumers can compare the prices of credit from different sources on an "Apples to Apples" basis. The APR calculation uses a formula prescribed by the government.
|
|
| < Prev |
|---|
