The History: The Consumer Credit Protection Act, more commonly known as the Truth-in-Lending Act, went into effect in 1968. The law is intended to protect borrowers from predatory lending by requiring lenders to fully disclose all costs associated with securing a mortgage loan. Prior to the implementation of the act, borrowers routinely were paying considerably […]
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Truth in Lending
- Post author By Bill's Mortgage Information
- Post date May 7, 2012
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