Many things have changed in the mortgage industry, but one thing that remains the same since 1968 is the Truth in Lending Act. Otherwise known as TILA, this federal law helps make sure consumers receive fair treatment when obtaining a loan. It ensures that all consumers understand the terms and how to shop around for the right loan for themselves.Compare Offers from Several Mortgage Lenders.All mortgage lenders must provide TILA documents within three business days of loan application. … [Read more...]