The terms of these penalty fees must be assessed in writing under a federal Truth-in-Lending Act.

罚款期限的评估将依据联邦诚信借贷法案。

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To accomplish these goals, the CFPB will assess whether nonbanks are conducting their businesses in compliance with federal consumer financial laws, such as the Truth in Lending Act and the Equal Credit Opportunity Act.

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First, make sure the company you are working with is not operating outside the U.S. or on an Indian Reservation, as these companies are not subject to U.S. law and the Truth in Lending Act.

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But federal law allows other types of loans to be rescinded for up to three years if the borrower can prove violations of the Truth in Lending Act, such as an inaccurate interest rate or undisclosed finance charges.

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