Truth In Lending Disclosures To The Consumer For Home Mortgage Loans Over The Internet

When offering or providing credit to consumers over the Internet in the form of a home loan, home equity, or refinance loan, creditors must provide disclosures of costs in a format that enables the consumer to make an informed comparison with other alternatives.

The following questions have been addressed in this article:

What needs to be disclosed to the consumer?
When must the creditor disclose the information to the consumer?
Can a creditor provide the disclosures on-line through email?
What other information needs to be disclosed to the consumer when offering credit secured by real estate?
When does the Truth in Lending law pertain to loans on the Internet?

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