Date post: | 11-Feb-2018 |
Category: |
Documents |
Upload: | ayn-ruth-zambrano-tolentino |
View: | 218 times |
Download: | 0 times |
7/23/2019 Truth in Lending Act (Ayn Ruth Notes)
http://slidepdf.com/reader/full/truth-in-lending-act-ayn-ruth-notes 1/3
WF 35208
\WP\A DO N@OLDOE FC\
]PW]KS@S8
6/ \k }wk|`c| f l`g|kw bwkj |a`
`bb`c|s kb jdsw`}w`s`o|f|dko folckoc`fnj`o|
7/ \k fnnku adj |k bpnnt f}}w`cdf|`
fol `rfnpf|` |a` w`fn cks| kb ads
gkwwkudoe
3/ \k frkdl cdwcpjr`o|dko kb pspwt
nfus
F]]NDCFGDND\T8 \a` nfu f}}nd`s |k
cw`ld|kws uak `q|`ol nkfos. sfn`s do
dos|fnnj`o|s. fol k|a`w cw`ld|
|wfosfc|dkos/
OK\@8 D| f}}nd`s kont |k cfs`s dorknrdoefo @Q\@OSDKO KB CW@LD\. fol ok| |k |aks`
do cfsa gfsds/
„CW@LD\KW‚ – fot }`wsko `oefe`l do |a`
gpsdo`ss kb `q|`oldoe cw`ld|. fol
w`vpdw`s |a` }ftj`o| kb f „bdofoc`
cafwe`‚/
|ads docnpl`s fot }`wsko uak. fs f
w`epnfw gpsdo`ss }wfc|dc`. jfi`s nkfos.
kw s`nns kw w`o|s }wk}`w|t kw s`wrdc`s ko
f |dj`. cw`ld| kw dos|fnnj`o| gfsds.
`d|a`w fs f }wdocd}fn kw fe`o|/
KGNDEF\DKO DJ]KS@L KO CW@LD\KWS8
|a` nfu dj}ks`s p}ko cw`ld|kws |a`kgndef|dko kb bpwodsadoe |k `fca }`wsko
|k uakj cw`ld| ds `q|`ol`l. }wdkw |k |a`ckospjjf|dko kb |a` |wfosfc|dko. f cn`fw
s|f|`j`o| do uwd|doe !f/i/f/ „ldscnkspw`
s|f|`j`o|‚$ s`||doe bkw|a. |k |a` `q|`o|
}kssdgn`. |aks` `opj`wf|`l pol`w |ads
nfu/ !s`` ldscnkspw` w`vpdw`j`o| bkw
nds|$
„CW@LD\‚ KW CW@LD\ \WFOSFC\DKOS DOCNPL@L8
6/ Nkfo. jkw|efe`. l``l kb |wps|.
flrfoc` kw ldsckpo|
7/ Ckold|dkofn sfn`s cko|wfc|
3/ Cko|wfc| |k s`nn kw cko|wfc| kb
sfn` kb }wk}`w|t+s`wrdc`s
</ W`o|fn*}pwcafs` cko|wfc|
0/ Cko|wfc| bkw adw`. gfdnj`o| kw
n`fsdoe kb }wk}`w|t2/ K}|dko. l`jfol. nd`o. }n`le`. kw
k|a`w cnfdj fefdos| kw bkw |a`
l`ndr`wt kb }wk}`w|t kw jko`t
5/ ]pwcafs` kw fcvpdsd|dko kb fot
cw`ld| p}ko s`cpwd|t kb fot
kgndef|dko fwdsdoe kp| kb fot kb
|a` fgkr`
1/ Fot |wfosfc|dko ud|a sdjdnfw
}pw}ks` kw `bb`c|
GFOIS FOL OKO*GFOI BDOFOCDFN
DO\@WJ@LDFWD@S FP\AKWDX@L \K @OEFE@ DO
VPFSD*GFOIDOE BPOC\DKOS fw` w`vpdw`l
|k s|wdc|nt fla`w` |k |a` }wkrdsdkos kb
\DNF fol safnn jfi` |a` |wp` fol
`bb`c|dr` cks| kb gkwwkudoe fo do|`ewfn
}fw| kb `r`wt nkfo cko|wfc|/
CW@LD\ \WFOSFC\DKOS OK\ DOCNPL@L8
6/ \aks` |af| lk ok| dorknr` |a`
}ftj`o| kb fot bdofoc` cafwe` gt
|a` l`g|kw
7/ \aks` do uadca |a` l`g|kw ds |a`
ko` s}`cdbtdoe f l`bdod|` fol
bdq`l s`| kb cw`ld| |`wjs !spca
fs gfoi l`}ksd|s. dospwfoc`
cko|wfc|s. sfn` kb gkols. `|c$
\A@ LDSCNKSPW@ W@VPDW@J@O\8 ]wdkw |k
ckospjjf|dko kb f nkfo+sfn`. |a` cw`ld|kw
safnn bpwodsa |k |a` l`g|kw f uwd||`o
s|f|`j`o| cko|fdodoe8
6/ Cfsa }wdc` kb |a`}wk}`w|t+s`wrdc`
7/ Fjkpo|s cw`ld|`l fs lkuo }ftj`o|
fol+kw |wfl` do
3/ Ldbb`w`oc` g`|u``o !6$ fol !7$
</ Cafwe`s ok| docdl`o| |k |a`
`q|`osdko kb cw`ld|
0/ \k|fn fjkpo| |k g` bdofoc`l
2/ Bdofoc` cafwe`
5/ ]`wc`o|fe` kb |a` bdofoc` cafwe`
|k fjkpo| bdofoc`l/
@BB@C\S KB OKO*LDSCNKSPW@8
6/ \a` rfndld|t kw `obkwc`fgdnd|t kb
|a` cko|wfc| kw |wfosfc|dko ds o|
fbb`c|`l
7/ \a` cw`ld|kw ds ndfgn` |k |a`
l`g|kw bkw ]6== kw fo fjkpo|
`vpfn |k |udc` |a` bdofoc`
cafwe`. uadca`r`w ds ew`f|`w )
f||kwo`t—s b``s !}wkrdl`l |af|
ndfgdnd|t safnn ok| `qc``l ]7.===
ko fot cw`ld| |wfosfc|dko$
3/ \a` cw`ld|kw cfo g` a`nl
cwdjdofnnt ndfgn`
</ Bdofoc` cafwe`s jft ok| g` }fdl
0/ L`g|kw jft w`ckr`w fot do|`w`s|
}ftj`o| jfl`
2/ F bdofn hplej`o| do fot cwdjdofn
}wkc``ldoe pol`w |ads Fc| safnn
g` }wdjf bfcd` `rdl`oc` fefdos|
|a` l`b`olfo| pol`w |ads Fc| fs
|k fnn jf||`ws w`s}`c|doe uadcasfdl hplej`o| ukpnl g` fo
`s|k}}`n g`|u``o |a` }fw|d`s
|a`w`|k
OK\@S8
* FC\DKO \K W@CKR@W ]@OFN\T8 jps|
g` gwkpea| ud|ado 6 t`fw bwkj |a`
lf|` kb |a` rdknf|dko/
7/23/2019 Truth in Lending Act (Ayn Ruth Notes)
http://slidepdf.com/reader/full/truth-in-lending-act-ayn-ruth-notes 2/3
* \A@ ]ADN EKR@WOJ@O\ KW FOT
FE@OCT+]KND\DCFN SPGLDRDSDKO
\A@W@KB8 ok }`ofn|t ds }wkrdl`l
gt |a` \DNF |k f}}nt |k |a`j
* DB \A@ S@NN@W+N@OL@W DS
CKORDC\@L8 f bdo` wfoedoe bwkj
]6.=== – ]0.=== kw dj}wdsko`lbwkj 2 jko|as |k 6 t`fw. kw gk|a
„BDOFOC@ CAFWE@S‚ – |a` fjkpo|s |k g`
}fdl gt |a` l`g|kw docdl`o| |k |a`
`q|`osdko kb cw`ld|/
@Q/ do|`w`s|s. ldsckpo|s. cknn`c|dko
b``s. cw`ld| dor`s|def|dko b``s. fol
f||kwo`t—s b``s/
„OKO*BDOFOC@ CAFWE@S‚ – |a` fjkpo|s
flrfoc`l gt f cw`ld|kw bkw d|`js okwjfnnt
fsskcdf|`l ud|a kuo`wsad} kb }wk}`w|t kw
|a` frfdnj`o| kb s`wrdc`s }pwcafs`l uadca
fw` ok| docdl`o| |k |a` `q|`osdko kb
cw`ld|/
@Q/ ua`o f l`g|kw }pwcafs`s f cfw ko
cw`ld|. |a` cw`ld|kw jft flrfoc` |a`
dospwfoc` }w`jdpj. fs u`nn fs |a`
w`eds|wf|dko b`` bkw |a` fcckpo| kb |a`
l`g|kw/
WPN@ KO DO\@W@S\8 |a` ndb|doe kb f
c`dndoe ko do|`w`s| wf|`s !CG Cdwcpnfw
4=0$ lk`s ok| edr` n`ol`w cfw|` gnfoca`
fp|akwd|t |k wfds` do|`w`s| wf|`s/ Wf|`s
bkpol |k g` dodvpd|kps kw pockoscdkofgn`
fw` rkdl. fs db |a`w` ufs ok `q}w`ss
cko|wfc| |a`w`ko/
HPWDS]WPL@OC@8
F/ PC]G r G@NPSK
BFC\S8 \a` PC]G ewfo|`l |a` s}kps`s
G`npsk f ]wkjdsskwt Ok|` Ndo` pol`w f
Cw`ld| Few``j`o|/ \a` s}kps`s ckos|d|p|`l
f w`fn ̀ s|f|` jkw|efe` kr`w }fwc`ns kb nfol fs
flld|dkofn s`cpwd|t bkw |a` kgndef|dko/
PC]G f}}nd`l do|`w`s| wf|`s ko |a`
ldbb`w`o| }wkjdsskwt ok|`s wfoedoe bwkj
61% |k 3<%/ \a` s}kps`s. aku`r`w. bfdn`l |k
jfi` fot }ftj`o| kb |a`dw kgndef|dkos ud|a
|a` gfoi/ \a` gfoi jfl` l`jfols |af| |a`t
}ft |a`dw |k|fn kgndef|dko }nps
f||kwo`t—s b``s/ P}ko bfdnpw` |k ckj}nt.
d| bkw`cnks`l |a` }wk}`w|d`s jkw|efe`l gt
|a` G`npsks |k s`cpw` |a` cw`ld| ndo`/
S}kps`s G`npsk bdn`l f }`|d|dko bkw |a`foopnj`o|. fcckpo|doe fol lfjfe`s fefdos|
PC]G/ \a` W\C fol CF l`cnfw`l |af| |a`
do|`w`s| wf|` ps`l gt P]CG ds rkdl fol
|a`w`bkw`. |a` bkw`cnkspw` ds ndi`uds`
rkdl/
DSSP@8 Ua`|a`w kw ok| |a` PC]G ds
fp|akwdx`l |k podnf|`wfnnt bdq |a`
do|`w`s| wf|`s/
A@NL8 OK/ \a` }wkrdsdko |af| |a` do|`w`s|
safnn g` f| |a` „wf|` doldcf|dr` kb LGL
w`|fdn wf|` kw fs l`|`wjdo`l gt |a`
Gwfoca A`fl‚ ds l`}`ol`o| skn`nt ko |a`
udnn kb PC]G/ Db `d|a`w kb |a` cakdc`s
}w`s`o|`l fo k}}kw|pod|t bkw |a` gfoi |k
bdq |a` wf|` f| udnn. d| cfo `fsdnt
cakks` spca fo k}|dko. |ads jfidoe |a`
`o|dw` do|`w`s| wf|` }wkrdsdko rdknf|dr`kb |a` }wdocd}n` kb „jp|pfnd|t kb
cko|wfc|s‚/ A`w`. gk|a cakdc`s fw`
l`}`ol`o| skn`nt ko PC]G—s udnn. fol
|a`w`bkw` |a` sfj` cfook| g` ckosdl`w`l
rfndl/ Bpw|a`w. |ads fnsk rdknf|`s |a`
\DNF/ Ok| ldscnksdoe |a` |wp` bdofoc`
cafwe`s do ckoo`c|dko ud|a |a` `q|`osdkos
kb cw`ld| ds f bkwj kb l`c`}|dko/ \a`
fnn`ef|dko |af| |a` }wkjdsskwt ok|`s
ewfo| PC]G |a` }ku`w |k podnf|`wfnnt bdq
|a` do|`w`s| wf|`s c`w|fdont j`fos |af|
|a` }wkjdsskwt ok|`s lk ok| cko|fdo f
„cn`fw s|f|`j`o| do uwd|doe‚ kb |a`
bdofoc` cafwe` `q}w`ss`l do |`wjs kb
}`sks fol c`o|frks/ G/ LG] r FWCDNNF
BFC\S8 F||t/ Fwcdnnf ufs `j}nkt`l gt |a`
LG]/ A` l`cdl`l |k frfdn kb f nkfo ud|a
|a` gfoi. fol kgnde`l adjs`nb |k }ft |a`
nkfo do 70 t`fws. ud|a f jko|ant
fjkw|dxf|dko fol do|`w`s| |k g` l`lpc|`l
bwkj ads jko|ant sfnfwt/ A` nf|`w
w`sdeo`l fol |a` gfoi dobkwj`l adj kb |a`
gfnfoc` kb ads nkfo fcckpo| fol |af| |ads
afl g``o ckor`w|`l |k f w`epnfw akpsdoe
nkfo/ Do ndo` ud|a |ads. a` sdeo`l |aw``
}wkjdsskwt ok|`s ua`w` a` ufs kgnde`l |k
}ft s`wrdc` cafwe`s fol do|`w`s|/ A` fnsk
few``l |k |a` w`s`wrf|dko gt |a` LG] kb
d|s wdea| |k docw`fs` !ud|a ok|dc`$ |a`
wf|` kb do|`w`s|. fs u`nn fs k|a`w b``s
fol cafwe`s/ A` bfdn`l |k }ft ads nkfofcckpo|. flrfoc`. fol }`ofn|t cafwe`s fol
do|`w`s|/ Ckos`vp`o|nt. |a` }wk}`w|t
uadca a` }pwcafs`l pol`w |a` nkfo ufs
flr`w|ds`l bkw sfn` fol }pgndc gdlldoe/
F||t/ Fwcdnnf bdn`l f ckj}nfdo|. fnn`edoe
|af| LG] bfdn`l |k bpwodsa adj ud|a
ldscnkspw` s|f|`j`o| fs w`vpdw`l do \DNF
}wdkw |k |a` `q`cp|dko kb |a` l``l kb
ckold|dkofn sfn` kb |a` }wk}`w|t fol |a`
ckor`wsdko kb ads nkfo fcckpo| do|k f
w`epnfw akpsdoe nkfo fcckpo|/
DSSP@8 Ua`|a`w kw ok| PC]G ckj}nd`l ud|a
|a` ldscnkspw` w`vpdw`j`o|/
A@NL8 T@S/ Uadn` LG] bfdn`l |k ldscnks`
|a` w`vpdsd|` dobkwjf|dko do |a`
ldscnkspw` s|f|`j`o| bkwj. d| ldl sk do
|a` nkfo |wfosfc|dko lkcpj`o|s g`|u``o d|
fol Fwcdnnf/ \a`w` ds ok `rdl`oc` ko
w`ckwl |af| LG] skpea| |k cknn`c| kw
cknn`c|`l fot do|`w`s|. }`ofn|t kw k|a`w
cafwe`s. bwkj Fwcdnnf k|a`w |afo |aks`
ldscnks`l do |a` sfdl l``ls+lkcpj`o|s/ D|
s``js |af| Fwcdnnf—s cnfdj kb \DNF
rdknf|dko ds f j`w` fb|`w|akpea|/ L`s}d|`
ok|fwdfn w`scdssdko kb |a` ckold|dkofn
sfn`. fol LG]—s spgs`vp`o| w`}`f|`l
7/23/2019 Truth in Lending Act (Ayn Ruth Notes)
http://slidepdf.com/reader/full/truth-in-lending-act-ayn-ruth-notes 3/3
kbb`ws |k w`}pwcafs` |a` }wk}`w|t. a`
jfdo|fdo`l ads sdn`oc`/ Fnsk. g`doe f
nfut`w. a` ukpnl ok| g` sk epnndgn` |k
sdeo lkcpj`o|s ud|akp| iokudoe bpnnt u`nn
|a` n`efn dj}ndcf|dkos fol ckos`vp`oc`s
kb ads fc|dkos/
GFW ]WKGN@JS8
6/ Lfof Edfodof }pwcafs`l ko f 32*jko|a
dos|fnnj`o| gfsds |a` nf|`s| jkl`n kb |a`
Odssfo S`o|wf s`lfo cfw bwkj |a` Hkg`n
Cfws. Doc/ Do flld|dko |k |a` flr`w|ds`l
s`nndoe }wdc`. |a` nf||`w dj}ks`l bdofoc`
cafwe`s ckosds|doe kb do|`w`s|s. b``s fol
s`wrdc` cafwe`s/ D| ldl ok|. aku`r`w.
spgjd| |k Lfof f uwd||`o s|f|`j`o|
s`||doe bkw|a |a`w`do |a` dobkwjf|dko
w`vpdw`l gt |a` \DNF/ O`r`w|a`n`ss. |a`
ckold|dkofn l``l kb sfn`. uadca |a`
}fw|d`s `q`cp|`l. j`o|dko`l |af| |a`
|k|fn fjkpo| doldcf|`l |a`w`do docnpl`l
spca bdofoc` cafwe`s/
f$ Afs |a`w` g``o spgs|fo|dfn ckj}ndfoc`
kb |a` fbkw`sfdl Fc|;
g$ Db tkpw fosu`w ds do |a` o`ef|dr`.
uaf| ds |a` `bb`c| kb |a` rdknf|dko ko
|a` cko|wfc|;
c$ Do |a` `r`o| kb f rdknf|dko kb |a`
Fc|. uaf| w`j`ld`s jft g` frfdn`l kb gt
Lfof;
FOSU@W8
f$ OK. \A@W@ UFS OK SPGS\FO\DFN
CKJ]NDFOC@ UD\A \DNF/ \a` Fc|
w`vpdw`s |af| |a` cw`ld|kw jps|
jfi` f bpnn ldscnkspw` kb |a`
cks| kb cw`ld|/ \a` s|f|`j`o|
|af| |a` |k|fn fjkpo| lp`
docnpl`s. f}fw| bwkj |a`
}wdocd}fn. |a` bdofoc̀ cafwe`s
ud|akp| edrdoe |a` l`|fdns
|a`w`kb ds ok| spca f ldscnkspw`.
fol a`oc`. pofcc`}|fgn`/
g$ \a` rdknf|dko udnn ok| flr`ws`nt
fbb`c| |a` rfndld|t kw
`obkwc`fgdnd|t kb |a` cko|wfc|
d|s`nb/
c$ LFOF CKPNL W@BPS@ ]FTJ@O\ KB \A@
BDOFOC@ CAFWE@S/ Db |a` cafwe`s
afr` fnw`flt g``o }fdl. sa` ckpnl
sp` |k w`ckr`w |a` }`ofn|t
}w`scwdg`l gt nfu !d /̀. ]6== kw
fo fjkpo| `vpfn |k |udc` |a`
bdofoc` cafwe` w`vpdw`l gt Hkg`nCfws do ckoo`c|dko ud|a spca
|wfosfc|dko. uadca`r`w ds
ew`f|`w. `qc`}| |af| spca }`ofn|t
safnn ok| `qc``l ]7.=== ko fot
cw`ld| |wfosfc|dko$/ Lfof jft
fnsk dod|df|` cwdjdofn
}wkc``ldoes fefdos| |a` cw`ld|kw/
7/ @jgfsst F}}ndfoc`s s`nns akj` |a`f|`w
ckj}ko`o|s |af| fw` l`sdeo`l fol
cps|kjdx`l fs `o|`w|fdoj`o| c`o|`ws bkw
ckospj`ws ud|ado |a` j`ldpj*|k*adea }wdc`
gwfci`|/ Jks|. db ok| fnn. kb |a`s`
}fcife`s fw` sknl ko dos|fnnj`o| gfsds.
pspfnnt gt j`fos kb cw`ld| cfwls fnnkudoe
f jfqdjpj kb 32 `vpfn jko|ant }ftj`o|s/
]w`b`ww`l cw`ld| cfwls kb |ads |t}` fw`
|aks` dssp`l gt gfois. uadca w`epnfwnt
aknl jfnn*udl` sfn`s gnd|x`s }fw|dcd}f|`l
do gt f}}ndfoc` w`|fdn`ws ndi` @jgfsstF}}ndfoc`s/
Tkp fw` f gpt`w kb f akj` |a`f|`w c`o|`w
f| @jgfsst F}}ndfoc`s/ \a` sfn`scn`wi uak
ds f||`oldoe |k tkp sdj}nt sud}`s tkpw
cw`ld| cfwl ko |a` `n`c|wkodc f}}wkrfn
jfcado` !uadca jkj`o|fwdnt }wdo|s kp|
tkpw cafwe` snd} sdoc` tkp afr` pondjd|`l
cw`ld|$. |`fws |a` snd} bwkj |a` jfcado`.
afols |a` sfj` kr`w |k tkp bkw tkpw
sdeof|pw`. fol ud|akp| jkw`. }wkc``ls |k
fwwfoe` |a` l`ndr`wt fol dos|fnnf|dko kb
tkpw o`u akj` |a`f|`w sts|`j/ Tkp ioku
tkp udnn w`c`dr` f s|f|`j`o| ko tkpw
cw`ld| cfwl }pwcafs`s bwkj |a` gfoi
cko|fdodoe fo k}|dko |k }ft kont f
jdodjpj fjkpo|. uadca ds pspfnnt 6+32 kb|a` |k|fn }wdc` tkp u`w` cafwe`l bkw tkpw
}pwcafs`/ Ldl @jgfsst F}}ndfoc`s ckj}nt
ud|a |a` }wkrdsdkos kb \DNF;
F8 @JGFSST F]]NDFOC@S DS OK\ F CW@LD\KW
POL@W \A@ \DNF. FOL \A@W@BKW@ O@@L OK\
CKJ]NT UD\A \A@ FC\/ \DNF l`bdo`s
„cw`ld|kw‚ fs fot }`wsko `oefe`l do |a`
gpsdo`ss kb `q|`oldoe cw`ld|• uak
w`vpdw`s fs fo docdl`o| |k |a` `q|`osdko
kb cw`ld| |a` }ftj`o| kb f bdofoc`
cafwe`/ \a` |wfosfc|dko a`w` ds ok| f
sfn` ko cw`ld| do uadca |a` s`nn`w ds |a`
cw`ld|kw. d`/. ua`w` |a` fjkpo| kb |a`
}pwcafs` }wdc` ds bdofoc`l gt |a` s`nn`w/
\a` cw`ld|kw. db ko` jps| g` dl`o|dbd`l.
ds |a` gfoi |af| dssp`l |a` cw`ld| cfwl gt |a` ps` kb uadca |a` gpt`w ds fgn` |k
}ft bkw ads }pwcafs` ko dos|fnnj`o|
gfsds/ Aku`r`w. |a` }wkgn`j ldl ok| fsi
ua`|a`w kw ok| |a` gfoi sakpnl ckj}nt
ud|a \DNF/
FTO WP\A OK\@S