Loan Disclosure Requirements

Loan disclosure requirements are rules that ensure lenders provide clear, complete information about loan terms, costs, and conditions to borrowers. They include details like interest rates, fees, repayment schedule, and any potential risks, allowing borrowers to understand and compare loan options accurately. These disclosures must be provided in writing early in the application process, helping consumers make informed decisions and avoid surprises later. The goal is to promote transparency and protect borrowers from unfair or misleading practices.