The Truth in Lending Act (PL 90-321) is a U.S. law that was enacted June 29, 1968, to promote the informed use of consumer credit, by requiring disclosures about its terms and cost to standardize the manner in which costs associated with borrowing are calculated and disclosed. It is implemented by Regulation Z (12 CFR 1026, formerly 12 CFR 226) that prescribes uniform methods for computing the cost of credit, for disclosing credit terms, and for resolving errors on certain types of credit accounts.

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