Definition of "Regulation Z"

Steven Gilbert real estate agent

Written by

Steven Gilbertelite badge icon

Keller Williams Realty

The federal Reserve Bank's regulation of consumer and mortgage credit transactions. A lender must provide the annual percentage rate (APR) of the loan and other essential data in mortgage credit contracts.


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Comments for Regulation Z

Toni Weininger Toni Weininger said:

My PNC loan officer told me that once the final review is granted on our HELOC, as per Regulation Z guidelines, there was an 8-day waiting period prior to closing. Is this true under Regulation Z?

Aug 01, 2019  23:11:37

Real Estate Agent

Hi, Toni! Every lender has different terms and conditions with regard to the loan-granting process, though they are all governed by Regulation Z and various laws enforced by the Federal Reserve. You may find the following website useful: However, Regulation Z is in fact the Truth-in-Lending Act that protects borrowers from abusive clauses and hidden costs. Since your loan officer is familiar with it, you have nothing to worry about. The 8-day term may have nothing to do with regulation Z, though. 

Aug 08, 2019  07:38:13
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