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Abstract

I. An Introduction to Truth in Lending Legislation

II. The Need for Credit Cost Disclosure

III. Applicability of the Federal Act and the Uniform Code

IV. Closed End Consumer Credit Transactions … A. The Consumer Credit Sale … 1. The Amount Financed … 2. The Sales Finance Charge … 3. The Deferred Payment Price … 4. The Annual Percentage Rate … 5. The Use of Charts and Tables … 6. Delayed Disclosure Involving Mail or Telephone Orders … 7. Delayed Disclosure Involving a Series of Sales … 8. Credit Sale Discounts … 9. Agricultural Sales Credit … B. The Consumer Loan … 1. The Amount Financed … 2. The Loan Finance Charge … 3. The Loan Annual Percentage Rate … 4. Loan Repayment Procedures … 5. Loan Security Interests … 6. Continued Dealings Between Lender and Consumer … 7. Periodic Statements … C. Closed End Real Estate Transactions … 1. Finance Charges in Real Property Transactions … 2. Exempted Disclosures in Real Property Transactions

V. The Consumer's Right of Rescission and Cancellation … A. The Right of Rescission and Exceptions Thereto … B. The Right of Cancellation Under the Code-Home Solicitation Sales

VI. Open End Consumer Credit Transactions … A. Disclosure in Advertising … B. Disclosure Required before Completion of an Open End Credit Agreement … C. Periodic Statements … D. Criticism of Open End Disclosure

VII. Will Disclosure Change Credit Shopping Habits?

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