TILA Reg Z Lending Regulation
United States
1968
Lending
Consumer Protection
Overview
Key Obligations
- Disclose Annual Percentage Rate (APR), finance charges, and total payments clearly
- Provide loan estimates and closing disclosures for mortgages under TRID rules
- Follow special protections for high-cost and higher-priced mortgage loans
- Enforce timing rules for credit card billing, interest rate changes, and late fees
- Require written consent for certain changes in loan terms
- Prohibit unfair or deceptive lending practices, including negative amortization
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FAQ
What is the primary purpose of Reg Z?
To ensure consumers receive clear, standardized disclosures when borrowing money.
Which types of loans fall under TILA Reg Z?
Most consumer loans, including mortgages, credit cards, auto loans, and BNPL credit.
How does Reg Z protect credit card users?
It limits late fees, requires 45-day advance notice for rate hikes, and mandates clear disclosures.
Are business loans covered under Reg Z?
No, Reg Z applies only to consumer-purpose credit, not loans for business or commercial use.