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Truth in Lending Act of 1968

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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

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