Transcription of Final Rule: Escrow Requirements under the Truth in Lending ...
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Final Rule: Escrow Requirements under the Truth in Lending ...
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A. TILA and Regulation Z . Congress enacted the Truth in Lending Act (TILA), 15 U.S.C. 1601 . et seq., based on findings that economic stability would be enhanced and competition among consumer credit providers would be strengthened by the informed use of credit resulting from consumers’ awareness of the cost of credit.
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