Truth in Lending Act is also known as Regulation what?

• A. Regulation A
• B. Regulation X
• C. Regulation Z
• D. Regulation B

Answer: (C)

The concept being tested is which regulation implements the Truth in Lending Act. Regulation Z is the one that embodies TILA. It requires lenders to provide clear, standardized disclosures about the cost of credit—such as the annual percentage rate (APR), finance charges, amount financed, total payments, and the repayment schedule—so consumers can compare loan offers accurately. It also governs how credit terms are advertised and the timing and format of disclosures to prevent misleading terms. The other options don’t match this regulation: Regulation X covers real estate settlement procedures, Regulation B concerns equal credit opportunity, and Regulation A is not the regulation tied to TILA.