Lesson 3 of 6 · 30 min read
TILA and Regulation Z
The Truth in Lending Act: APR and finance charges, the right of rescission, advertising triggers, higher-priced and high-cost (HOEPA) loans, loan originator pay, and ability to repay.
In this lesson
- APR and the finance charge
- The right of rescission
- Advertising
- Higher-priced mortgage loans (HPMLs)
- High-cost mortgages (HOEPA)
- Loan originator compensation
- Ability to repay and qualified mortgages