The IT Law Wiki

Truth in Lending Act of 1968

32,081pages on
this wiki
Add New Page
Add New Page Talk0

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

Also on Fandom

Random Wiki