What Truth in Lending Means to You.

Designed for the general public and possibly suitable also for high school economics students, this pamphlet discusses the provisions of the Truth in Lending Law. The act requires that creditors state credit charges in a uniform way. The pamphlet provides a brief description of finance charges and annual percentage rates. It also focuses on specific requirements of the Truth in Lending Law that: (1) protect customers against unauthorized use of credit cards; (2) prohibit card issuers from sending customers credit cards unless requested or applied for; (3) regulate the advertising of credit terms; (4) give the customer a three-day wait to consider and cancel a credit transaction in which a customer's home is used as security; and (5) provide criminal penalties for willful violators. The final section presents a list of names and locations of federal enforcement agencies which deal with questions concerning particular creditors. (LH)