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Mortgage Professor about Truth In Lending: | |||||||||||||||||||||||
Does Truth in Lending Help Borrowers?
February 5, 2001 "How does Truth in Lending help mortgage borrowers?" It doesn?t. Truth in Lending (TIL) is a great idea gone hopelessly wrong. The idea is to require lenders to provide one uniform set of ... more... Does Greenspan Favor Adjustable Rate Mortgages? March 8, 2004 "I wonder what you thought of Fed Chairman Greenspan?s statements that mortgage borrowers could save a lot of money if they opted for adjustable rate mortgages (ARMs) rather than fixed-rate mortgages (FRMs)?" While the Chairman?s remarks were ... more... |
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Truth In Lending related definitions |
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Truth-In-Lending, TILA
Truth-In-Lending A federal law requiring disclosure of the Annual Percentage Rate to home buyers shortly after they apply for the loan. Also known as Regulation Z and Truth-In-Lending-Act (TILA). Requires disclosures about its terms and cost and gives consumers the right ... more... Equal Credit Oportunity Act Equal Credit Oportunity Act (ECOA) Is a federal law that requires lenders and other creditors to make credit equally available without discrimination based on race, color, religion, national origin, age, sex, marital status or receipt of income from public assistance programs. ... more... |
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