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The Truth-in-Lending Act and Regulation Z affect all aspects of consumer lending and, in limited cases, business-purpose lending as well (such as its provisions affecting the issuance of credit cards and the limits on liability for unauthorized use of credit cards). They affect credit cards, formal overdraft lines of credit, personal lines of credit, mortgage loans, automobile loans, and all other types of secured and unsecured consumer lending. — James H. Pannabecker
The Dodd-Frank Wall Street Reform and Consumer Protection Act means more risk for you. To a large extent, the early stages of legal and regulatory compliance will be based on current laws and regulations. However, you can expect closer regulatory scrutiny of your current compliance, as well as your compliance to changing requirements from the new Consumer Financial Protection Bureau.
For the information and guidance you need to navigate in this shifting regulatory environment, look no further than the newly-revised Truth-in-Lending Manual—your comprehensive, practical guide to Truth-In-Lending, Regulation Z, and Regulation M compliance. This two-volume reference offers clear analysis of the law, practical guidance for complying with regulations, and assistance in drafting forms and developing procedures that comply with truth-in-lending requirements.
The Manual brings you thorough coverage of the massive number of changes affecting credit cards and other open credit, including:
In addition, your Truth-in-Lending Manual gives you:
Order now to receive the help you need for compliance with truth-in-lending requirements!
James H. Pannabecker writes from Natural Bridge Station, Virginia, focusing on banking law and regulatory compliance. He was formerly a senior vice president and general counsel of Citicorp Mortgage, Inc., where he managed the provision of legal services for the nationwide origination of mortgage loans through Citicorp’s affiliated first mortgage lenders. Before joining Citicorp, Mr. Pannabecker served as in-house counsel to Maryland National Bank; First Virginia Banks, Inc.; and First American Mortgage. He graduated from the University of North Carolina School of Law in 1978 and has been admitted to practice law in the District of Columbia, Georgia, Maryland, Missouri, North Carolina, and Virginia. See all works by Mr. Pannabecker