Truth in Lending Act — Requires lenders to disclose the terms and costs of all loan plans, including the
annual percentage rate, points and fees, miscellaneous fees, the total of the principal amount being financed; payment due date and terms, late payment fees; features of variable -
rate loans, including the
highest rate the lender would charge,
how it is calculated and the resulting monthly payment; total finance charges; whether the loan is assumable; application fee;
annual or one - time service fees; pre-payment penalties; to the member.