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What is the truth in lending act?

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11th Nov 2009 by Andrew R

The “Truth in Lending Act “ of 1968 is intended to require lenders to provide clear terms when they offer you a loan. All of the factors that affect the loan – for example, interest-rate calculation, or early termination – should be spelled out in the loan prospectus in a way that is easy to understand.

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3rd Nov 2009 In Legal 1 Answers | 79 Views
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