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What is the truth in lending agreement?

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Question
What is the truth in lending agreement?

Answer

Tax preparers that offer bank products must disclose the terms of the loan in the truth in lending agreement (TILA).  Before the bank product is processed the taxpayer must sign the TILA and agree to the terms of the loan.

 


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Views: 202 Created on: Jun 15, 2013
Date updated: Nov 17, 2014

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