Is the truth in lending statement an integral feature of some loan notes ?

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Is the truth in lending statement an integral feature of some loan notes ?

2006-09-01 19:24:51 · 3 answers · asked by Anonymous in Business & Finance ➔ Credit

3 answers

Yes, it is a legal requirement so a lender can't bullshit you.

2006-09-01 19:30:09 · answer #1 · answered by galacticsleigh 4 · 0⤊ 0⤋

Loan to individuals, not businesses, require a Truth-In-Lending statement. It's one of the many regulations that are suppose to help protect the individual when borrowing money.

2006-09-02 09:24:46 · answer #2 · answered by Anonymous · 0⤊ 0⤋

definitely for mortgages.

2006-09-02 02:28:01 · answer #3 · answered by wildstar_2 6 · 0⤊ 0⤋