TRUTH IN LENDING ACT (TILA)
\tɹˈuːθ ɪn lˈɛndɪŋ ˈakt tˈiːlə], \tɹˈuːθ ɪn lˈɛndɪŋ ˈakt tˈiːlə], \t_ɹ_ˈuː_θ ɪ_n l_ˈɛ_n_d_ɪ_ŋ ˈa_k_t__ t_ˈiː_l_ə]\
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A federal law that requires credit and charge card companies to disclose interest rates and other information about an account. It also requires lenders to disclose the terms of a loan, including the total amount of the loan, the annual interest rate and the number, amount and due dates of all payments necessary to repay the loan. The TILA requires additional disclosures and places many restrictions on mortgages.
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Word of the day
Proto Oncogene Proteins c erbB 2
- cell surface protein-tyrosine kinase that is found to be overexpressed in significant number adenocarcinomas. It has extensive homology can heterodimerize EGF EPIDERMAL GROWTH FACTOR), 3 receptor (RECEPTOR, 3) and the 4 receptor. Activation of erbB-2 receptor occurs during heterodimer formation with a ligand-bound erbB family members. EC 2.7.11.-.
Nearby Words
- trustworthiness
- trustworthy
- trusty
- truth
- truth drug
- Truth in Lending Act (TILA)
- truth quark
- truth serum
- truth-lover
- truth-speaking
- truth-teller