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Georgia Department of Community Affairs Community HOME Investment Program Truth in Lending Disclosure (This is neither a contract nor a commitment to lend) Creditor: Borrower: Loan Number: Property:

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What is non-amortizing home loan truth-in-lending?

Non-amortizing home loan truth-in-lending is a disclosure that provides borrowers with information on the cost of their loan over time.

Who is required to file non-amortizing home loan truth-in-lending?

Lenders or creditors offering non-amortizing home loans are required to file truth-in-lending disclosures.

How to fill out non-amortizing home loan truth-in-lending?

The disclosure can be filled out by providing accurate and detailed information about the terms of the non-amortizing home loan.

What is the purpose of non-amortizing home loan truth-in-lending?

The purpose of the disclosure is to inform borrowers about the true cost of their non-amortizing home loan.

What information must be reported on non-amortizing home loan truth-in-lending?

The disclosure must include details such as the total loan amount, interest rate, and any fees associated with the loan.

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