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Truth in lending law |
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Truth in lending lawLegislation governing the granting of credit, that requires lenders to disclose the true cost of loans and the actual interest rates and terms of the loans in a manner that is easily understood.Truth in lending law Similar MatchesLending agreementLending agreementA contract regarding funds transferred between a lender and a borrower. Minimum lending rateMinimum lending rateThe minimum rate of interest at which the Bank of England was willing to lend to the money markets. Discontinued in 1981. Lending at a rateLending at a rateInterest paid to a customer on the credit balance received from a short sale. Spot lendingSpot lendingOriginating mortgages by processing applications taken directly from prospective borrowers. Second mortgage lendingSecond mortgage lendingLoans secured by real estate previously pledged in a first mortgage. |
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