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Real Estate Glossary

Welcome to our online Real Estate glossary. To search for a term, use the search box below. To browse our terms, click on a letter of the alphabet and browse away!

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Truth-in-Lending Act: A federal law that protects consumers in a variety of ways. One of its key provisions allows a consumer to cancel a home-improvement loan, second mortgage or other loan if the home was pledged as security (except for a first mortgage or first trust deed) until midnight of the third business day after the contract was signed.
As defined by Inman

See Also:
 » Regulation Z
 » Right to recission

The definition for Truth-in-Lending Act and this glossary as a whole are presented to you as a courtesy of ForeclosuresRI. For other terms, explinations, definitions and descriptions, please visit our Glossary page.



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