source:
  type: regulation
  id: tila-15usc-1631
  authority: TILA (Truth in Lending Act, 15 U.S.C.) § 1631 — General requirement of disclosure
  description: 'TILA (Truth in Lending Act, 15 U.S.C.), §1631 General requirement of disclosure. Captured section-complete
    from Cornell LII (verbatim).

    '
obligations:
- id: tila-15usc-1631-a
  canonical_id: tila-15usc-1631-a
  section: 15 U.S.C. §1631(a)
  description: 'General requirement of disclosure — (a): (a) Duty of creditor or lessor respecting one or more than
    one obligor Subject to subsection (b), a creditor or lessor shall disclose to the person who is obligated on
    a consumer lease or a consumer credit transaction the information required under this subchapter. In a transaction
    involving more th…'
  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.) § 1631
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1631
    snapshot_id: 5cae8abe59c2a5e3
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:a47f659f73b767e4ac9352f41a677f88e13f2aa6eb833f884e50c42de414c5da
    paragraph_quote: (a) Duty of creditor or lessor respecting one or more than one obligor Subject to subsection
      (b), a creditor or lessor shall disclose to the person who is obligated on a consumer lease or a consumer
      credit transaction the information required under this subchapter. In a transaction involving more than one
      obligor, a creditor or lessor, except in a transaction under section 1635 of this title , need not disclose
      to more than one of such obligors if the obligor given disclosure is a primary obligor.
    drafter_attestation: Verbatim slice of 15 U.S.C. §1631 subsection (a) from Cornell LII snapshot 5cae8abe59c2a5e3;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1631-b
  canonical_id: tila-15usc-1631-b
  section: 15 U.S.C. §1631(b)
  description: 'General requirement of disclosure — (b): (b) Creditor or lessor required to make disclosure If a
    transaction involves one creditor as defined in section 1602(f) [1] of this title, or one lessor as defined
    in section 1667(3) of this title , such creditor or lessor shall make the disclosures. If a transaction involves
    more than one creditor …'
  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.) § 1631
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1631
    snapshot_id: 5cae8abe59c2a5e3
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:a47f659f73b767e4ac9352f41a677f88e13f2aa6eb833f884e50c42de414c5da
    paragraph_quote: (b) Creditor or lessor required to make disclosure If a transaction involves one creditor as
      defined in section 1602(f) [1] of this title, or one lessor as defined in section 1667(3) of this title ,
      such creditor or lessor shall make the disclosures. If a transaction involves more than one creditor or lessor,
      only one creditor or lessor shall by required to make the disclosures. The Bureau shall by regulation specify
      which creditor or lessor shall make the disclosures.
    drafter_attestation: Verbatim slice of 15 U.S.C. §1631 subsection (b) from Cornell LII snapshot 5cae8abe59c2a5e3;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1631-c
  canonical_id: tila-15usc-1631-c
  section: 15 U.S.C. §1631(c)
  description: 'General requirement of disclosure — (c): (c) Estimates as satisfying statutory requirements; basis
    of disclosure for per diem interest The Bureau may provide by regulation that any portion of the information
    required to be disclosed by this subchapter may be given in the form of estimates where the provider of such
    information is not in a …'
  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.) § 1631
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1631
    snapshot_id: 5cae8abe59c2a5e3
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:a47f659f73b767e4ac9352f41a677f88e13f2aa6eb833f884e50c42de414c5da
    paragraph_quote: (c) Estimates as satisfying statutory requirements; basis of disclosure for per diem interest
      The Bureau may provide by regulation that any portion of the information required to be disclosed by this
      subchapter may be given in the form of estimates where the provider of such information is not in a position
      to know exact information. In the case of any consumer credit transaction a portion of the interest on which
      is determined on a per diem basis and is to be collected upon the consummation of such transaction, any disclosure
      with respect to such portion of interest shall be deemed to be accurate for purposes of this subchapter if
      the disclosure is based on information actually known to the creditor at the time that the disclosure documents
      are being prepared for the consummation of the transaction.
    drafter_attestation: Verbatim slice of 15 U.S.C. §1631 subsection (c) from Cornell LII snapshot 5cae8abe59c2a5e3;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
- id: tila-15usc-1631-d
  canonical_id: tila-15usc-1631-d
  section: 15 U.S.C. §1631(d)
  description: 'General requirement of disclosure — (d): (d) Tolerances for numerical disclosures The Bureau shall
    determine whether tolerances for numerical disclosures other than the annual percentage rate are necessary to
    facilitate compliance with this subchapter, and if it determines that such tolerances are necessary to facilitate
    compliance, it sha…'
  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.) § 1631
    source_class: usc-statute-lii
    source_url: https://www.law.cornell.edu/uscode/text/15/1631
    snapshot_id: 5cae8abe59c2a5e3
    fetched_at: '2026-06-18T00:00:00+00:00'
    content_hash: sha256:a47f659f73b767e4ac9352f41a677f88e13f2aa6eb833f884e50c42de414c5da
    paragraph_quote: (d) Tolerances for numerical disclosures The Bureau shall determine whether tolerances for
      numerical disclosures other than the annual percentage rate are necessary to facilitate compliance with this
      subchapter, and if it determines that such tolerances are necessary to facilitate compliance, it shall by
      regulation permit disclosures within such tolerances. The Bureau shall exercise its authority to permit tolerances
      for numerical disclosures other than the annual percentage rate so that such tolerances are narrow enough
      to prevent such tolerances from resulting in misleading disclosures or disclosures that circumvent the purposes
      of this subchapter. ( Pub. L. 90–321, title I, § 121 , May 29, 1968 , 82 Stat. 152 ; Pub. L. 93–495, title
      III, § 307(c) , (d), title IV, § 409, Oct. 28, 1974 , 88 Stat. 1516 , 1519; Pub. L. 94–205, § 11 , Jan. 2,
      1976 , 89 Stat. 1159 ; Pub. L. 96–221, title VI, § 611 , Mar. 31, 1980 , 94 Stat. 174 ; Pub. L. 104–29, §
      3(b) , Sept. 30, 1995 , 109 Stat. 273 ; Pub. L. 111–203, title X, § 1100A(2) , July 21, 2010 , 124 Stat. 2107
      .) [1] See References in Text note below.
    drafter_attestation: Verbatim slice of 15 U.S.C. §1631 subsection (d) from Cornell LII snapshot 5cae8abe59c2a5e3;
      body isolated between nav and Editorial/Statutory Notes; substring-verified.
  judgment: false
