Federal Truth-in-lending laws are commonly known as?

Federal Truth-in-Lending laws are commonly referred to as Regulation Z. This regulation was established under the Truth in Lending Act (TILA), which aims to promote the informed use of consumer credit by requiring disclosures about its terms and costs. Regulation Z is essential as it helps consumers understand the true cost of borrowing, ensuring they receive accurate and clear information regarding interest rates, finance charges, and terms of credit.

This regulation not only mandates the disclosure of key loan information but also establishes rules for advertising credit terms and provides consumers with the right to cancel certain credit transactions. Understanding Regulation Z is crucial for anyone involved in real estate transactions, as it directly impacts the lending practices and transparency that consumers encounter when securing financing for properties.

The other options, while related to real estate and consumer finance, do not encompass the Truth-in-Lending laws specifically. For instance, Regulation X pertains to the Real Estate Settlement Procedures Act (RESPA), which addresses the settlement process for residential properties, and Consumer Finance Laws represent a broader category that includes various regulations but not exclusively the Truth-in-Lending laws.