Truth in Lending Act

The Truth in Lending Act is a federal statute that protects consumers in credit transactions by requiring disclosure of terms and costs. The text of this statute is provided as general information to the public. It may be amended, revised, or rescinded at any time without notice. This information is not intended to be legal advice. For more information, please see our disclaimer.

15 U.S.C. § 1613. Annual reports to Congress by Board

Each year the Board shall make a report to the Congress concerning the administration of its functions under this title [15 USCS §§ 1601 et seq.], including such recommendations as the Board deems necessary or appropriate. In addition, each report of the Board shall include its assessment of the extent to which compliance with the requirements imposed under this title [15 USCS §§ 1601 et seq.] is being achieved.