Truth in Lending Act

Question 1

RA No. _____ states that the policy of the State to protect it’s citizens from a lack of awareness of the true cost of credit to the user by assuring a full disclosure of such cost with a view of preventing the uniformed use of credit to the detriment of the national economy

Answer 1

3765

Question 2

Coverage?

Answer 2

Credit Granting Entities (CGEs) - credit transactions with finance charge

Question 3

CGEs shall be issued an Acknowledge of Registration by the BSP, which shall be valid for?

Answer 3

3 years