Posts Tagged ‘Truth In Lending’

What is the legislative intent of federal truth in lending disclosures?

Friday, March 19th, 2010
Michael asked:


What is the legislative intent of federal truth in lending disclosures, and what specific disclosures are required under the act?

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Posted in Homework Help | 1 Comment »

We need a new government agency to get consumer information about loans?

Friday, March 19th, 2010
Thedude27 asked:


What is the truth in lending law for?
is there even such a thing as a teaser rate on a home mortgage? I mean other than an ARM which is competely explained to you in agonizing detail when you sign a mortgage?
Could we maybe just come up with a new law or 2. Do we really need another government agency?

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Posted in Politics | 1 Comment »

Can someone please tell me if the truth in lending statement is my monthly mortgage amount?

Thursday, February 18th, 2010
Annetta asked:


i received my good faith estimate and it stated my mortgage payments would be 1003.00 and when i looked at my truth in lending statement it said 769.00 a month, which one is correct.

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Posted in Renting & Real Estate | 1 Comment »

Truth in lending statement financed amount doesn’t equal loan amount in GFE?

Saturday, September 20th, 2008
cheapthrills asked:


I’ve received the paperwork for my mortgage and the loan amount in the good faith estimate is $275.5k but the truth in lending disclosure says that the amount financed is 270.7k. Is there something funny going on here?

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Posted in Renting & Real Estate | 9 Comments »

What 11 pieces of information does the Truth In Lending Act require the lender to inform the borrower of?

Wednesday, September 17th, 2008
Kenny G asked:


I dont know what the Truth In Lending Act does but there are 11 pieces of information for the act

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Posted in Credit | 1 Comment »