Disclosure of everything related to a loan is considered?

Truth in lending refers to the requirement that lenders must fully disclose the terms, costs, and conditions of a loan to borrowers. This concept is designed to ensure that consumers can make informed decisions when entering into loan agreements. The key elements disclosed typically include the annual percentage rate (APR), finance charges, payment schedule, and any additional fees that might be associated with the loan. By providing this comprehensive information, lenders promote transparency and help prevent misleading practices that could lead to borrowers making unwise financial choices.

While consumer protection generally encompasses a broader range of practices aimed at safeguarding consumers, it is not specifically centered on loan disclosures. Loan transparency is not a formal term and lacks the legal specificity that "truth in lending" has. Loan disclosure law is also a vague phrase compared to the well-defined regulations under truth in lending that outline what must be disclosed. Thus, truth in lending accurately captures the essence of the requirement for complete loan disclosure.