The Truth in Lending Act requires standardized disclosures for many consumer credit costs and terms.
Reviewed July 21, 2026 · 1 minute read
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The Truth in Lending Act requires standardized disclosures for many consumer credit costs and terms.
The Truth in Lending Act (TILA) of 1968 is a United States federal law designed to promote the informed use of consumer credit by requiring standardized disclosures about credit cost and terms.
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