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What does TIL stand for?

TIL stands for Truth in Lending

This definition appears very frequently and is found in the following Acronym Finder categories:

  • Business, finance, etc.

See other definitions of TIL

Other Resources:
We have 90 other meanings of TIL in our Acronym Attic

Samples in periodicals archive:

The Federal Reserve Board, on October 11, 2005, issued for public comment a second advance notice of proposed rulemaking (ANPR) concerning the open-end (revolving) credit rules of the Board's Regulation Z (Truth in Lending), which implements the Truth in Lending Act (TILA).
HIDDEN FEES "All fees are to be outlined on both the Good Faith Estimate, which states interest rate, amount of mortgage, and loan terms, as well as all fees, and the Truth in Lending form, which breaks down the total financial evaluation," explains Alice Long, a processor for Cidmortgage in Farmington Hills, Missouri.
4 includes increased Piggyback Loan functionality, a new loan status bar, added flexibility in reports, more comprehensive truth in lending disclosures and increased marketing functionality, in addition to Title Report and Verification of Employment and Income ordering in Point.
The commentary revisions clarify how creditors that place Truth in Lending Act disclosures on the same document with the credit contract may satisfy the requirement for providing the disclosures, in a form the consumer may keep, before consummation.
Fannie Mae uses the Mavent Expert System, the company's flagship solution, to review loans for compliance with its policies on the Truth in Lending Act, federal and state high-cost lending laws, and the points and fees test as outlined in the Fannie Mae Selling and Servicing Guide.
I am the director of the Federal Reserve Board's Division of Consumer and Community Affairs, which carries out the Board's responsibilities for administering a number of the consumer protection laws that make up the Consumer Credit Protection Act, including the Truth in Lending Act.