Transcription of Regulation Z Truth in Lending Act - Federal Reserve
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Regulation ZTruth in Lending Act1 The Truth in Lending Act (TILA), 15 1601etseq., was enacted on May 29, 1968, as title I of theConsumer Credit protection Act (Pub. L. 90-321).The TILA, implemented by Regulation Z (12 CFR1026), became effective July 1, TILA was first amended in 1970 to prohibitunsolicited credit cards. Additional major amend-ments to the TILA and Regulation Z were made bythe Fair Credit Billing Act of 1974, the ConsumerLeasing Act of 1976, the Truth in Lending Simplifi-cation and reform Act of 1980, the Fair Credit andCharge Card Disclosure Act of 1988, and the HomeEquity Loan consumer protection Act of Z also was amended to implementsection 1204 of the Competitive Equality BankingAct of 1987, and in 1988, to include adjustable ratemortgage loan disclosure requirements.
consumer to a loan that is not in the consumer’s interest to increase the loan originator’s compen-sation. The Dodd-Frank Wall Street Reform and Con-sumer Protection Act of 2010 (Dodd-Frank Act) amended the TILA to include several provisions that protect the integrity of the appraisal process when a consumer’s home is securing the loan. The
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GUIDE TO HMDA REPORTING, Frank Wall Street Reform and Consumer Protection Act, Frank Act, DODD-FRANK WALL STREET REFORM AND CONSUMER, DODD-FRANK WALL STREET REFORM AND CONSUMER PROTECTION ACT, Protection Act, HOEPA, Fair Credit Reporting Act, Federal Trade Commission, And Consumer Protection Act, Apple