Leasehold Lending

Business / Real Estate / Leasehold Lending: Loans on a leased property with satisfaction dates usually 10 to 20 years prior to the expiration of the lease.

Truth In Lending Act (1968)

Business / Accounting / Truth In Lending Act (1968): Federal law that mandates disclosure of information about the cost of credit. Both the finance charge (i.e., all charges to borrow money, including interest) and the annual percentage rate or APR (i.e MORE

Spot Lending

Business / Finance / Spot Lending: Interest rate fixed today on a loan that is made today. Related: Forward interest rates. MORE

Second Mortgage Lending

Business / Finance / Second Mortgage Lending: Loans secured by real estate previously pledged in a first mortgage. MORE

Truth In Lending Act (TILA)

Business / Loan / Truth In Lending Act (TILA): This is a federal law designed to protect borrowers and to give them enough information to comparison shop for loans. TILA requires certain disclosures about the loan and when they must be given to th MORE

Truth In Lending Disclosure Statement

Business / Loan / Truth In Lending Disclosure Statement: This is a very important document that federal law requires for all consumer loans.] It provides key information to enable borrowers to shop around and compare loan terms from various lenders. MORE

Truth-In-Lending Law

Business / Real Estate / Truth-In-Lending Law: A body of federal law effective July 1969 as part of the Consumer Credit Protection Act, and implemented by the Federal Reserve Boards Regulation Z. It was amended in 1982 by the Truth-in-Lending Simp MORE

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