The Truth In Lending Act of 1968 set up certain requirements for all lenders regarding disclosure. One of those requirements was the “Truth In Lending” form often referred to as the …
Tag: Truth-in-Lending
Truth-in-Lending (Reg Z) – (Initial Disclosure LE – Part 2 of 3)
In the first post on initial disclosures, there was a discussion of the Lender Estimate (“LE”). In this post, part 2 of 3, this is a discussion of the other …
Read More "Truth-in-Lending (Reg Z) – (Initial Disclosure LE – Part 2 of 3)"
Lender Estimates – (Initial Disclosure LE – Part 1 of 3)
As part of the application process, a lender must provide a Lender Estimate (“LE”) and a Truth-in-Lending (“TIL”) statement within 3 days of a loan application. Often there is confusion …
Read More "Lender Estimates – (Initial Disclosure LE – Part 1 of 3)"