| name | tila-consumer-loan-agreement |
| title | TILA-Compliant Consumer Loan Agreement |
| description | Drafts U.S. consumer loan agreements with integrated Truth in Lending (TILA/Reg Z) disclosures, including disclosure-box construction, APR and finance-charge calculations, payment schedule formatting, prepayment/default/enforcement clauses, co-signer notices, and state-law overlays. Produces an execution-ready contract and disclosure package. Trigger keywords: consumer loan agreement, TILA, Regulation Z, Truth in Lending, APR disclosure, finance charge, loan contract drafting, closed-end credit, Reg Z disclosure box. |
| author | CaseMark |
| author_url | https://github.com/CaseMark/skills/tree/main/skills/legal/tila-consumer-loan-agreement |
| license | Apache-2.0 |
| version | 0.1.0 |
| execution_mode | open |
| jurisdiction | us |
| practice | finance |
| language | en |
| tags | ["transactional","agreement","drafting","regulatory"] |
TILA-Compliant Consumer Loan Agreement
Drafts a U.S. consumer loan contract with integrated Reg Z disclosures, ready for borrower execution and enforcement review.
Prerequisites
- Parties & jurisdiction — borrower/lender legal names, addresses, state of compliance, licensing requirements.
- Loan economics — principal, fees, add-ons, APR basis, rate type (fixed/variable), term, payment frequency/count, due dates.
- Regulatory classification — consumer status confirmed; closed-end vs. open-end; state-law rate/fee caps and required notices.
- Collateral — unsecured vs. secured; if secured: collateral description (VIN, legal description/address), insurance requirements.
- Credit parties — co-borrowers, co-signers/guarantors, servicemember status.
- Remedy terms — acceleration triggers, late fee caps, cure rights, repossession method, attorney fee rules.
Output Structure / Process
1) Extract and validate inputs
Reject contradictions before drafting (e.g., finance charge inconsistent with APR or payment totals).
| Field | Format | Validation |
|---|
| Lender legal name | Entity name | Match regulatory filings |
| Borrower legal name(s) | Full legal names | Match ID docs |
| Loan amount | Currency, 2-decimal | — |
| Rate type | APR %, fixed/variable | APR must reconcile to finance charge |
| Term | Months or schedule dates | Payments × cadence must align |
| Fees as finance charge | Currency | Include only Reg Z-qualifying charges |
| Payment schedule | Table or formula | Sum = Total of Payments |
| State | US jurisdiction | Apply overlays after federal text |
2) Build TILA disclosure block
Place before contract terms. Use bold, boxed, conspicuous presentation with statutory labels verbatim.
| Disclosure (exact label) | Value |
|---|
| Amount Financed | Principal available to borrower, net of excluded items |
