A borrower reviewing Truth in Lending Act for auto loans disclosures on a digital platform.

TRUTH IN LENDING ACT FOR AUTO LOANS

The defi TeamCompliance, defi INSIGHT, Originations

Passed in 1968, the Truth in Lending Act encourages accuracy among consumer lenders by requiring they disclose certain terms when offering a loan. Modern lending platforms can support an auto lender’s compliance with this act and associated regulations.