Credit Disclosure
/ˈkrɛdɪt dɪsˈkloʊʒər/
Definitions
- (n.) The disclosure by lenders to borrowers of the terms, conditions, and costs associated with credit transactions, typically required to ensure informed consent.
The lender provided the borrower with the credit disclosure before finalizing the loan agreement.
Forms
- credit disclosure
- credit disclosures
Related terms
See also
Commentary
Credit disclosure is a critical component of consumer protection laws, designed to promote transparency and prevent deceptive lending practices.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.