Updated ABA book on 'Truth in Lending' a must for lawyers

The legal landscape has changed drastically over the last decade and the ABA's recently released book "The Law of Truth in Lending," provides comprehensive coverage of the subject since the first book "Truth in Lending" was published in 2000.

Edited by Alvin C. Harrell, a professor of law at Oklahoma City University School of Law since 1972 - and published by ABA Business Law Section, "The Law of Truth in Lending" advises practitioners on the scope and explains the issues when considering matters of Truth in Lending (TIL) compliance, disclosure, remediation and enforcement. With nearly 50 authors contributing their expertise, the book covers the TIL law through 2013, describing the current state of the law and its evolution over the past 40 years, with citations to current and historically significant authority. The authors have integrated discussion of important changes in the law, with a focus on changes since 2006.

The book includes updates previously provided in cumulative Supplements to the 2000 edition of this book, references to the Dodd-Frank Act and related Consumer Financial Protection Bureau developments as relevant throughout the text. The 1,627-page book discusses areas such as:

- Statutory and regulatory provisions and case law on calculating and disclosing the finance charge

- Annual percentage rate calculation and disclosure

- Closed-end credit disclosures

- Real estate transactions

- Changes implemented from the CARD act since its enactment in 2009

- Litigation developments

- Rights of credit card and other open-end account holders.

"The Law of Truth in Lending" is a valuable and useful resource for business lawyers and corporate and financial service executives.

Published: Thu, Sep 04, 2014

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