The Truth in Lending Act
6 min! Run Time
Employees
only
Provided
What you'll learn
Skills covered in this course
Description
The Truth in Lending Act protects consumers by requiring clear disclosures and a standard way of calculating the costs of borrowing.
What this course covers:
- What TILA and Regulation Z require
- Standardized disclosure of borrowing costs
- The right to cancel certain credit transactions
- Credit card rules and billing dispute resolution
For lenders and compliance staff responsible for consumer credit disclosures.
System Requirements
See System Requirements in the Coggno Knowledge Base
Author
Frequently Asked Questions
The course covers what TILA and Regulation Z require, focusing on the disclosures lenders must give consumers so the true costs of borrowing are presented clearly and consistently across every credit transaction. This detail sits at the center of what the Truth in Lending Act course is meant to teach.
It explains the standardized way of calculating and disclosing borrowing costs the law requires, giving lenders and compliance staff a consistent framework for presenting credit terms to consumers up front, before a deal closes. It is one of the specific points the course on the Truth in Lending Act walks through in depth.
The course covers the right to cancel certain credit transactions, a consumer protection built into the Truth in Lending Act that lending and compliance staff need to understand and apply correctly. The course keeps this grounded in the practical realities covered under the Truth in Lending Act.
It walks through credit card rules and billing dispute resolution procedures, rounding out TILA's consumer protections beyond the initial disclosures made at the very start of a loan or credit line. This is a core thread the Truth in Lending Act material returns to throughout the lesson.
It is for lenders and compliance staff responsible for consumer credit disclosures, giving them the regulatory grounding that TILA and Regulation Z require them to apply in practice. It reflects the kind of applied detail the course builds into its coverage of the Truth in Lending Act.
