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TRUTH IN LENDING (REGULATION Z) > Special Rules for Private Education Loans
Short Summary
This document, part of the Code of Federal Regulations, specifically addresses the special rules for private education loans. It applies to creditors who offer private education loans, which are extensions of credit provided for postsecondary educational expenses. The document outlines the disclosures that creditors must provide to consumers during the application or solicitation process, approval process, and after the consumer has accepted the loan. The required disclosures include information about interest rates, fees, repayment terms, cost estimates, eligibility requirements, alternatives to private education loans, and consumer rights. The document also emphasizes the availability of Federal student financial assistance programs and provides information on obtaining additional assistance. It does not mention any specific exemptions or penalties for non-compliance.
Whom does it apply to?
Creditors who offer private education loans
What does it govern?
Special disclosure requirements for private education loans
What are exemptions?
No specific exemptions are mentioned.
What are the Penalties?
No specific penalties for non-compliance are mentioned.
Jurisdiction
U.S. Federal Government