Truth-In-Lending (TIL)
A federal law obligating a lender to give full written notice of all fees, terms, and conditions associated with the loan initial period and then adjusts to another rate that lasts for the term of the loan. The Annual Percentage Rate is one of the many components of a TIL statement. Southwest Funding offers training and compliance support to its mortgage retail branch offices to understand and correctly prepare a TIL.| Email this page to a friend |    |
