The Truth in Lending Act is a federal law designed to promote transparency in the loan process. It was established in 1968. The Truth in Lending Act requires disclosures about the costs of borrowing and the terms of its use. The act makes consumers aware of their rights and responsibilities as loan holders. There are many things to consider when getting a home loan in Las Vegas. The possibilities are infinite, but knowing your rights, your financial limits, and the different types of loans available make the process much easier. Purchasing your first home is
an exciting milestone, and being an informed citizen makes the process much more enjoyable. When in doubt, consult an expert to answer your mortgage questions.