Truth in Lending Act (Interagency)

Overview

This booklet addresses compliance with the Truth in Lending Act, which is intended to ensure that credit terms are disclosed in a meaningful way so consumers can compare credit terms more readily and knowledgeably. The act also protects consumers against inaccurate and unfair credit billing and credit card practices.

Applicability

This booklet applies to the OCC's supervision of national banks and federal savings associations. References to national banks in this booklet also generally apply to federal branches and agencies of foreign banking organizations. Refer to 12 USC 3102(b) and the "Federal Branches and Agencies Supervision" booklet of the Comptroller's Handbook for more information.