Is the bank required to provide Truth in Lending disclosures for all loans?

No. The bank is not required to provide a Truth in Lending disclosure, which outlines the cost of the requested credit, for the following types of loans:

  • business, commercial, agricultural, or organizational
  • student
  • consumer loans over $50,000, adjusted annually for inflation, not secured by real property or the consumer's principal dwelling
  • public utility services
  • securities and commodities