The IT Law Wiki

Truth in Lending Act of 1968

32,639pages on
this wiki
Add New Page
Talk0 Share

Citation Edit

Truth in Lending Act of 1968, Pub. L. No. 90-321 (Title I §104), 82 Stat. 147 (May 29, 1968), codified at 15 U.S.C. §1601.

Overview Edit

The Act establishes rules regarding consumer credit; intended to help consumers understand the cost of credit and compare credit options.

The Act limits liability for fraudulent credit card charges to $50.00, in most situations. It also requires "meaningful disclosure" of key information in any consumer credit transaction.[1]

References Edit

  1. 15 U.S.C. §1601.

See also Edit

Ad blocker interference detected!

Wikia is a free-to-use site that makes money from advertising. We have a modified experience for viewers using ad blockers

Wikia is not accessible if you’ve made further modifications. Remove the custom ad blocker rule(s) and the page will load as expected.