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 Simplification and Reform Act and later amendments. The main purpose of this law is to ensure that borrowers and customers in need of consumer credit are given meaningful information with respect to the cost of credit. In this way consumers can more readily compare the various credit terms available to them and thus avoid the uninformed use of credit. This law creates a disclosure device only, and does not establish any set maximum or minimum interest rates or require any charges for credit.

Other Words for Law

Law Noun Synonyms: principle, proposition, theory, theorem, formula, axiom, deduction, corollary, postulate, conclusion, inference
Law Verb Synonyms: rule, regulation, ordinance, statute, act, enactment, by-law, measure, edict, decree, order, directive, injunction, command, commandment, canon, mandate, ukase
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Outlaw

Entertainment / Literature / Outlaw: An individual determined by a council vote to be an outlaw at a thing or an althing was considered outside the normal bounds of kinship relations in Iceland. He was considered outside the law (hence t MORE

P.L. 480 (Or Public Law 480)

Business / Agriculture / P.L. 480 (Or Public Law 480): P.L. 83-480 (July 10, 1954), also called Food for Peace, is the common name for food aid programs established by the Agricultural Trade Development and Assistance Act of 1954, which seeks to expand fo MORE

Ohms Law

Technology / Home Audio / Ohms Law: The mathematical relationship between voltage, current, and resistance. It is named after George Ohm, it's discoverer. Ohm's law states that current volume in a conductor is directly proportional to t MORE

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