Buyer Services and Information
Truth in Lending

. 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.

truth in lending
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Click on any of the questions below to find the answers to these
commonly asked questions about the "Truth in Lending Disclosure."

  1. What is a "Truth-In-Lending Disclosure"?

  2. What is the ANNUAL PERCENTAGE RATE? (Box A above)

  3. Why is the annual percentage rate different from the my interest rate?

  4. What is the FINANCE CHARGE? (Box B above)

  5. What is the AMOUNT FINANCED? (Box C above)

  6. What is the TOTAL OF PAYMENTS? (Box D above)

  7. If I pay the loan off early, will I be entitled to a refund of part of the finance charge?

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Steve Hatfield, Realtor
CENTURY 21 Curran & Christie
25636 Ford Road
Dearborn Heights, MI 48127
Office: (313) 274-7200

Copyright 1996 - Steve Hatfield
Any Reproduction or Redistribution Without Authorization is Strictly Prohibited

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