Regulation Z Revised TILA Disclosure

The Truth In Lending Act of 1968 (TILA 1968), also known as Regulation Z was designed to protect consumers by requiring full disclosure of all lending fees to a potential buyer prior to purchase and settlement.

How Will Amended Regulation Z Changes Affect Buyers and Sellers?

Regulation Z has recently been amended, and will apply to loan applications filed on or after July 30, 2009. It’s a law and a fairly complex one at that. I included the full amended link here.The tiny print just reminds me to get my eyes checked.

“Say What?” is a fairly common response to the question of, “How are you preparing to respond to the new provisions of Reg Z?

For more about how to advise Buyers and Selllers about the new lending provisons of Regulation Z in the Truth In Lending Law see MainLinePaToday

Regulation Z Revised TILA Disclosure