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

No. The Truth in Lending Act (and Regulation Z) explains which transactions are exempt from the disclosure requirements, including:

  • loans primarily for business, commercial, agricultural, or organizational purposes.
  • federal student loans.
  • consumer loans over $58,300, adjusted annually for inflation, that are: (1) not secured by real property; (2) not secured by personal property used or expected to be used as the consumer's principal dwelling; or (3) private education loans as defined in the regulation.
  • public utility services loans.
  • securities and commodities loans.

Last Reviewed: October 2020

Please note: The terms "bank" and "banks" used in these answers generally refer to national banks, federal savings associations, and federal branches or agencies of foreign banking organizations that are regulated by the Office of the Comptroller of the Currency (OCC). Find out if the OCC regulates your bank. Information provided on HelpWithMyBank.gov should not be construed as legal advice or a legal opinion of the OCC.

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