|
The Truth in Lending
Act (TIL), also known as Title I of the Consumer Credit Protection
Act, was enacted to assist consumers in shopping for credit. The
law's stated goal is:
"...to assure a meaningful disclosure of credit terms so that the
consumer will be able to compare more readily the various credit
terms available to him..."
In
the past, it was not unusual for credit sellers to advertise
misleading or varying credit terms that proved confusing to
consumers in practice. The imposition of various processing charges
and the confusing use of different credit terms make it extremely
difficult for even sophisticated business people to compare credit
terms. To remedy this problem, Congress enacted the Truth In Lending
Act under a set of rules called "Regulation Z."
Our
software provides a fast and easy way to prepare your
Truth-in-Lending (Regulation Z) disclosures for fixed-rate
loans. Simply respond to a series of questions and all
calculations are performed and the form is automatically filled out.
This program will save you hours in preparing these
tedious forms with quick editing and electronic storage and
retrieval. Automatically calculates the annual
percentage rate (APR), finance
charge, amount financed, total of all payments and other required
figures.
Technical support and updates are FREE within the first year
from the date of purchase. Unconditional money back guarantee within
the first thirty days from the date of purchase.
30-Day Unconditional Money-Back Guarantee!
|