Truth in Lending Act (TILA)
The federal law requiring lenders to disclose key loan terms and costs, which applies to many manufactured-home loans.
Published May 31, 2026
The Truth in Lending Act, or TILA, is the federal law that requires lenders to disclose the key terms and costs of consumer credit in a standardized way — so a borrower can see things like the annual percentage rate, the finance charge, and the total of payments before committing.
TILA can apply to loans used to buy manufactured homes, including many chattel loans and mortgages. Its disclosure requirements are meant to let borrowers compare offers and understand what a loan actually costs over its life.
TILA is one of several federal consumer-finance laws — overseen in part by the CFPB — that operate alongside state law on the financing side of a manufactured-home purchase. This is general information, not legal or financial advice.