Original Content
The Truth in Lending Act generally applies to transactions in which a consumer purchases a home under a “contract for deed.”
Truth in Lending (Regulation Z); Consumer Protections for Home Sales Financed Under Contracts for Deed
AI Summary
The Truth in Lending Act applies to transactions where consumers purchase homes under a contract for deed. Credit unions need to ensure compliance with these regulations to protect consumer rights.
Texas Relevance
No explicit mention of Texas, TCUD, or any Texas-specific entities in the article.