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.
Like This Answer?
This answer is the subjective opinion of the writer and not of FinancialAdvisory.com