My Sound Property

Real Estate Glossary


- Truth-in-Lending Act

LEARNING CENTER
WELCOME BACK
VS Logo
Truth-in-Lending Act
A federal law that protects consumers in a variety of ways. One of its key provisions allows a consumer to cancel a home-improvement loan, second mortgage or other loan if the home was pledged as security (except for a first mortgage or first trust deed) until midnight of the third business day after the contract was signed.

Related Terms
Right to recission
Regulation Z
Loan officer
Federal National Mortgage Association
Federal Home Loan Mortgage Corporation law

Back to index
FEATURED PROPERTIES
WATERFRONT FORECLOSURES