The Truth in Lending Act, more commonly referred to as Regulation Z, is part of the Consumer Credit Protection Act. It's purpose is to promote the informed use of consumer credit by requiring disclosures about credit terms and costs.

.. Click on any of the questions below to find the answers to these commonly asked questions about the "Truth in Lending Disclosure." What is a "Truth-In-Lending Disclosure"? What is the ANNUAL PERCENTAGE RATE? (Box A above) Why is the annual percentage rate different from the my interest rate? What is the FINANCE CHARGE? (Box B above) What is the AMOUNT FINANCED? (Box C above) What is the TOTAL OF PAYMENTS? (Box D above) If I pay the loan off early, will I be entitled to a refund of part of the finance charge? Return to Buyer Services & Information Page For home Buying assistance, fill out our Buyer Home Purchase Inquiry Form Steve Hatfield, Realtor® CENTURY 21 Curran & Christie 25636 Ford Road Dearborn Heights, MI 48127 Office: (313) 274-7200 eMail: Copyright © 1996 - Steve Hatfield Any Reproduction or Redistribution Without Authorization is Strictly Prohibited Visit Steve's other web site at DearbornHomes.com