source:
  type: regulation
  id: tila-15usc-1604
  authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1604 — Disclosure guidelines
  description: 'TILA (Truth in Lending Act, 15 U.S.C.), §1604 Disclosure guidelines. Captured section-complete from
    Cornell LII (verbatim).

    '
obligations:
- id: tila-15usc-1604-a
  canonical_id: tila-15usc-1604-a
  section: 15 U.S.C. §1604(a)
  description: 'Disclosure guidelines — (a): (a) Promulgation, contents, etc., of regulations The Bureau shall prescribe
    regulations to carry out the purposes of this subchapter. Except with respect to the provisions of section 1639
    of this title that apply to a mortgage referred to in section 1602(aa) [1] of this title, such regulations may
    c…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1604
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1604
    snapshot_id: dd066685dc7ff37a
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:fa55c2d3757f07832751a81a319e1dc5b5d421e0c28e9f5dc1b410d7ce027a1f
    paragraph_quote: (a) Promulgation, contents, etc., of regulations The Bureau shall prescribe regulations to
      carry out the purposes of this subchapter. Except with respect to the provisions of section 1639 of this title
      that apply to a mortgage referred to in section 1602(aa) [1] of this title, such regulations may contain such
      additional requirements, classifications, differentiations, or other provisions, and may provide for such
      adjustments and exceptions for all or any class of transactions, as in the judgment of the Bureau are necessary
      or proper to effectuate the purposes of this subchapter, to prevent circumvention or evasion thereof, or to
      facilitate compliance therewith.
    drafter_attestation: Verbatim slice of 15 U.S.C. §1604 subsection (a) from Cornell LII snapshot dd066685dc7ff37a;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1604-b
  canonical_id: tila-15usc-1604-b
  section: 15 U.S.C. §1604(b)
  description: 'Disclosure guidelines — (b): (b) Model disclosure forms and clauses; publication, criteria, compliance,
    etc. The Bureau shall publish a single, integrated disclosure for mortgage loan transactions (including real
    estate settlement cost statements) which includes the disclosure requirements of this subchapter in conjunction
    with…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1604
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1604
    snapshot_id: dd066685dc7ff37a
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:fa55c2d3757f07832751a81a319e1dc5b5d421e0c28e9f5dc1b410d7ce027a1f
    paragraph_quote: (b) Model disclosure forms and clauses; publication, criteria, compliance, etc. The Bureau
      shall publish a single, integrated disclosure for mortgage loan transactions (including real estate settlement
      cost statements) which includes the disclosure requirements of this subchapter in conjunction with the disclosure
      requirements of the Real Estate Settlement Procedures Act of 1974 [ 12 U.S.C. 2601 et seq.] that, taken together,
      may apply to a transaction that is subject to both or either provisions of law. The purpose of such model
      disclosure shall be to facilitate compliance with the disclosure requirements of this subchapter and the Real
      Estate Settlement Procedures Act of 1974 , and to aid the borrower or lessee in understanding the transaction
      by utilizing readily understandable language to simplify the technical nature of the disclosures. In devising
      such forms, the Bureau shall consider the use by creditors or lessors of data processing or similar automated
      equipment. Nothing in this subchapter may be construed to require a creditor or lessor to use any such model
      form or clause prescribed by the Bureau under this section. A creditor or lessor shall be deemed to be in
      compliance with the disclosure provisions of this subchapter with respect to other than numerical disclosures
      if the creditor or lessor (1) uses any appropriate model form or clause as published by the Bureau, or (2)
      uses any such model form or clause and changes it by (A) deleting any information which is not required by
      this subchapter, or (B) rearranging the format, if in making such deletion or rearranging the format, the
      creditor or lessor does not affect the substance, clarity, or meaningful sequence of the disclosure.
    drafter_attestation: Verbatim slice of 15 U.S.C. §1604 subsection (b) from Cornell LII snapshot dd066685dc7ff37a;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1604-c
  canonical_id: tila-15usc-1604-c
  section: 15 U.S.C. §1604(c)
  description: 'Disclosure guidelines — (c): (c) Procedures applicable for adoption of model forms and clauses Model
    disclosure forms and clauses shall be adopted by the Bureau after notice duly given in the Federal Register
    and an opportunity for public comment in accordance with section 553 of title 5 .'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1604
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1604
    snapshot_id: dd066685dc7ff37a
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:fa55c2d3757f07832751a81a319e1dc5b5d421e0c28e9f5dc1b410d7ce027a1f
    paragraph_quote: (c) Procedures applicable for adoption of model forms and clauses Model disclosure forms and
      clauses shall be adopted by the Bureau after notice duly given in the Federal Register and an opportunity
      for public comment in accordance with section 553 of title 5 .
    drafter_attestation: Verbatim slice of 15 U.S.C. §1604 subsection (c) from Cornell LII snapshot dd066685dc7ff37a;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1604-d
  canonical_id: tila-15usc-1604-d
  section: 15 U.S.C. §1604(d)
  description: 'Disclosure guidelines — (d): (d) Effective dates of regulations containing new disclosure requirements
    Any regulation of the Bureau , or any amendment or interpretation thereof, requiring any disclosure which differs
    from the disclosures previously required by this part, part D, or part E or by any regulation of the Bureau
    prom…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1604
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1604
    snapshot_id: dd066685dc7ff37a
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:fa55c2d3757f07832751a81a319e1dc5b5d421e0c28e9f5dc1b410d7ce027a1f
    paragraph_quote: (d) Effective dates of regulations containing new disclosure requirements Any regulation of
      the Bureau , or any amendment or interpretation thereof, requiring any disclosure which differs from the disclosures
      previously required by this part, part D, or part E or by any regulation of the Bureau promulgated thereunder
      shall have an effective date of that October 1 which follows by at least six months the date of promulgation,
      except that the Bureau may at its discretion take interim action by regulation, amendment, or interpretation
      to lengthen the period of time permitted for creditors or lessors to adjust their forms to accommodate new
      requirements or shorten the length of time for creditors or lessors to make such adjustments when it makes
      a specific finding that such action is necessary to comply with the findings of a court or to prevent unfair
      or deceptive disclosure practices. Notwithstanding the previous sentence, any creditor or lessor may comply
      with any such newly promulgated disclosure requirements prior to the effective date of the requirements.
    drafter_attestation: Verbatim slice of 15 U.S.C. §1604 subsection (d) from Cornell LII snapshot dd066685dc7ff37a;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1604-e
  canonical_id: tila-15usc-1604-e
  section: 15 U.S.C. §1604(e)
  description: 'Disclosure guidelines — (e): (e) Disclosure for charitable mortgage loan transactions With respect
    to a mortgage loan transaction involving a residential mortgage loan offered at 0 percent interest with only
    bonafide and reasonable fees and that is primarily for charitable purposes by an organization described in section
    501(c)…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1604
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1604
    snapshot_id: dd066685dc7ff37a
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:fa55c2d3757f07832751a81a319e1dc5b5d421e0c28e9f5dc1b410d7ce027a1f
    paragraph_quote: (e) Disclosure for charitable mortgage loan transactions With respect to a mortgage loan transaction
      involving a residential mortgage loan offered at 0 percent interest with only bonafide and reasonable fees
      and that is primarily for charitable purposes by an organization described in section 501(c)(3) of title 26
      and exempt from taxation under section 501(a) of such title, forms HUD–1 and GFE (as defined under section
      1024.2(b) of title 12, Code of Federal Regulations) together with a disclosure substantially in the form of
      the Loan Model Form H–2 (as depicted in Appendix H to part 1026 of title 12, Code of Federal Regulations)
      shall, collectively, be an appropriate model form for purposes of subsection (b) of this section.
    drafter_attestation: Verbatim slice of 15 U.S.C. §1604 subsection (e) from Cornell LII snapshot dd066685dc7ff37a;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1604-f
  canonical_id: tila-15usc-1604-f
  section: 15 U.S.C. §1604(f)
  description: 'Disclosure guidelines — (f): (f) Exemption authority (1) In general The Bureau may exempt, by regulation,
    from all or part of this subchapter all or any class of transactions, other than transactions involving any
    mortgage described in section 1602(aa) 1 of this title, for which, in the determination of the Bureau, coverage
    und…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1604
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1604
    snapshot_id: dd066685dc7ff37a
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:fa55c2d3757f07832751a81a319e1dc5b5d421e0c28e9f5dc1b410d7ce027a1f
    paragraph_quote: '(f) Exemption authority (1) In general The Bureau may exempt, by regulation, from all or part
      of this subchapter all or any class of transactions, other than transactions involving any mortgage described
      in section 1602(aa) 1 of this title, for which, in the determination of the Bureau, coverage under all or
      part of this subchapter does not provide a meaningful benefit to consumers in the form of useful information
      or protection. (2) Factors for consideration In determining which classes of transactions to exempt in whole
      or in part under paragraph (1), the Bureau shall consider the following factors and publish its rationale
      at the time a proposed exemption is published for comment: (A) The amount of the loan and whether the disclosures,
      right of rescission, and other provisions provide a benefit to the consumers who are parties to such transactions,
      as determined by the Bureau . (B) The extent to which the requirements of this subchapter complicate, hinder,
      or make more expensive the credit process for the class of transactions. (C) The status of the borrower, including—'
    drafter_attestation: Verbatim slice of 15 U.S.C. §1604 subsection (f) from Cornell LII snapshot dd066685dc7ff37a;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1604-i
  canonical_id: tila-15usc-1604-i
  section: 15 U.S.C. §1604(i)
  description: 'Disclosure guidelines — (i): (i) any related financial arrangements of the borrower, as determined
    by the Bureau ; (ii) the financial sophistication of the borrower relative to the type of transaction; and (iii)
    the importance to the borrower of the credit , related supporting property, and coverage under this subchapter,
    as de…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1604
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1604
    snapshot_id: dd066685dc7ff37a
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:fa55c2d3757f07832751a81a319e1dc5b5d421e0c28e9f5dc1b410d7ce027a1f
    paragraph_quote: (i) any related financial arrangements of the borrower, as determined by the Bureau ; (ii)
      the financial sophistication of the borrower relative to the type of transaction; and (iii) the importance
      to the borrower of the credit , related supporting property, and coverage under this subchapter, as determined
      by the Bureau ; (D) whether the loan is secured by the principal residence of the consumer; and (E) whether
      the goal of consumer protection would be undermined by such an exemption.
    drafter_attestation: Verbatim slice of 15 U.S.C. §1604 subsection (i) from Cornell LII snapshot dd066685dc7ff37a;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1604-g
  canonical_id: tila-15usc-1604-g
  section: 15 U.S.C. §1604(g)
  description: 'Disclosure guidelines — (g): (g) Waiver for certain borrowers (1) In general The Bureau , by regulation,
    may exempt from the requirements of this subchapter certain credit transactions if— (A) the transaction involves
    a consumer—'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1604
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1604
    snapshot_id: dd066685dc7ff37a
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:fa55c2d3757f07832751a81a319e1dc5b5d421e0c28e9f5dc1b410d7ce027a1f
    paragraph_quote: (g) Waiver for certain borrowers (1) In general The Bureau , by regulation, may exempt from
      the requirements of this subchapter certain credit transactions if— (A) the transaction involves a consumer—
    drafter_attestation: Verbatim slice of 15 U.S.C. §1604 subsection (g) from Cornell LII snapshot dd066685dc7ff37a;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1604-i
  canonical_id: tila-15usc-1604-i
  section: 15 U.S.C. §1604(i)
  description: 'Disclosure guidelines — (i): (i) with an annual earned income of more than $200,000; or (ii) having
    net assets in excess of $1,000,000 at the time of the transaction; and (B) a waiver that is handwritten, signed,
    and dated by the consumer is first obtained from the consumer. (2) Adjustments by the Bureau The Bureau , at
    its dis…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1604
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1604
    snapshot_id: dd066685dc7ff37a
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:fa55c2d3757f07832751a81a319e1dc5b5d421e0c28e9f5dc1b410d7ce027a1f
    paragraph_quote: (i) with an annual earned income of more than $200,000; or (ii) having net assets in excess
      of $1,000,000 at the time of the transaction; and (B) a waiver that is handwritten, signed, and dated by the
      consumer is first obtained from the consumer. (2) Adjustments by the Bureau The Bureau , at its discretion,
      may adjust the annual earned income and net asset requirements of paragraph (1) for inflation.
    drafter_attestation: Verbatim slice of 15 U.S.C. §1604 subsection (i) from Cornell LII snapshot dd066685dc7ff37a;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1604-h
  canonical_id: tila-15usc-1604-h
  section: 15 U.S.C. §1604(h)
  description: 'Disclosure guidelines — (h): (h) Deference Notwithstanding any power granted to any Federal agency
    under this subchapter, the deference that a court affords to the Bureau with respect to a determination made
    by the Bureau relating to the meaning or interpretation of any provision of this subchapter, other than section
    1639e or …'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1604
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1604
    snapshot_id: dd066685dc7ff37a
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:fa55c2d3757f07832751a81a319e1dc5b5d421e0c28e9f5dc1b410d7ce027a1f
    paragraph_quote: (h) Deference Notwithstanding any power granted to any Federal agency under this subchapter,
      the deference that a court affords to the Bureau with respect to a determination made by the Bureau relating
      to the meaning or interpretation of any provision of this subchapter, other than section 1639e or 1639h of
      this title, shall be applied as if the Bureau were the only agency authorized to apply, enforce, interpret,
      or administer the provisions of this subchapter.
    drafter_attestation: Verbatim slice of 15 U.S.C. §1604 subsection (h) from Cornell LII snapshot dd066685dc7ff37a;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1604-i
  canonical_id: tila-15usc-1604-i
  section: 15 U.S.C. §1604(i)
  description: 'Disclosure guidelines — (i): (i) Authority of the Board to prescribe rules Notwithstanding subsection
    (a), the Board shall have authority to prescribe rules under this subchapter with respect to a person described
    in section 5519(a) of title 12 . Regulations prescribed under this subsection may contain such classifications,
    dif…'
  type: do
  tags:
  - regulator-direct
  - gap-fill
  - section-complete
  - usc-statute
  primary_source:
    tier: 1
    authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1604
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1604
    snapshot_id: dd066685dc7ff37a
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:fa55c2d3757f07832751a81a319e1dc5b5d421e0c28e9f5dc1b410d7ce027a1f
    paragraph_quote: (i) Authority of the Board to prescribe rules Notwithstanding subsection (a), the Board shall
      have authority to prescribe rules under this subchapter with respect to a person described in section 5519(a)
      of title 12 . Regulations prescribed under this subsection may contain such classifications, differentiations,
      or other provisions, as in the judgment of the Board are necessary or proper to effectuate the purposes of
      this subchapter, to prevent circumvention or evasion thereof, or to facilitate compliance therewith. ( Pub.
      L. 90–321, title I, § 105 , May 29, 1968 , 82 Stat. 148 ; Pub. L. 96–221, title VI, § 605 , Mar. 31, 1980
      , 94 Stat. 170 ; Pub. L. 103–325, title I, § 152(e)(2)(A) , Sept. 23, 1994 , 108 Stat. 2194 ; Pub. L. 104–208,
      div. A, title II , §§ 2102(b), 2104, Sept. 30, 1996 , 110 Stat. 3009–399 , 3009–401; Pub. L. 111–203, title
      X, § 1100A(2) , (4)–(7), title XIV, § 1472(c), July 21, 2010 , 124 Stat. 2107 , 2108, 2190; Pub. L. 116–342,
      § 2(a) , Jan. 13, 2021 , 134 Stat. 5134 .) [1] See References in Text note below.
    drafter_attestation: Verbatim slice of 15 U.S.C. §1604 subsection (i) from Cornell LII snapshot dd066685dc7ff37a;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
