[Anonymous]

I have two consumer loans that our loan operations is telling me are not covered by TIL. From the information I have I believe they should be:

1) New consumer unsecured 5 year term loan for $10,000

2) New consumer P & E term loan used to purchase a used car, but unsecured for $13,000 payable in 2 years

I believe they are < $50,000 so should be covered?? If you have a chance to give me any insight on this I would appreciate it.

[jholzknecht]

There is nothing in your question that justifies either transaction being exempt from Regulation Z. Check with loan operations for any additional information that impact this answer.

[Author]

Posts