Which federal law, passed in 1969, requires creditors to state the cost of borrowing as a dollar amount?

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07-11-2017
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Which federal law, passed in 1969, requires creditors to state the cost of borrowing as a dollar amount?

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Kalahira Kalahira · Answer 1 · 2017-11-18T16:32:24+01:00

Kalahira Kalahira

18-11-2017

The federal law known as the Truth in Lending Act is a United States federal law that was passed in 1969 that was designed to promote the informed use of consumer credit, by requiring disclosures about its terms and cost of borrowing.

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