Definition of Truth in Lending

Truth In Lending Statement (TIL) in Orange County

A federal law that requires lenders to fully disclose, in writing, the terms and conditions of an Orange County mortgage, including the annual percentage rate (APR) and other charges. This document is required to be sent to the prospective borrower within 3-days of this initial application to the Orange County, CA lender (along with the Good Faith Estimate, Application to sign, and other initial disclosures required by Section 32, RESPA).


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