| name | consumer-loan-tila |
| title | Consumer Loan Agreement (TILA Compliant) |
| description | Drafts TILA-compliant consumer loan agreements with Regulation Z disclosure boxes, APR/finance charge calculations, and enforceable terms for secured and unsecured consumer credit. Use when drafting consumer loan agreements, TILA disclosure documents, promissory notes for consumer credit, or Reg Z compliant financing contracts. |
| author | CaseMark |
| author_url | https://github.com/CaseMark/skills/tree/main/skills/legal/consumer-loan-tila |
| license | Apache-2.0 |
| version | 0.1.0 |
| execution_mode | open |
| jurisdiction | us |
| practice | finance |
| language | en |
| tags | ["agreement","drafting","regulatory","transactional"] |
Consumer Loan Agreement (TILA Compliant)
Generates a consumer loan agreement satisfying Truth in Lending Act (15 U.S.C. § 1601 et seq.) and Regulation Z (12 CFR Part 1026) disclosure requirements.
Prerequisites
Gather before drafting:
- Borrower — full legal names, addresses, co-borrowers/guarantors
- Lender — legal entity name, DBA, address, regulatory filings
- Loan terms — principal, interest rate, term, payment frequency
- Fees — origination, points, doc prep, service charges
- Collateral (if secured) — make/model/VIN for personal property; legal description for real property
- State/institutional requirements — notice clauses, jurisdictional restrictions
- Ancillary products — credit insurance or debt protection elections
Document Architecture
| Section | Purpose |
|---|
| TILA Disclosure Box | Mandatory Reg Z disclosures — must appear first on page 1 |
| Loan Terms & Conditions | Substantive contractual provisions |
| Default, Acceleration & Remedies | Events of default, cure rights, lender remedies |
| Insurance & Payment Application | Collateral insurance, force-placed coverage, payment waterfall |
| Special Notices | SCRA, FTC co-signer, state-specific notices |
| Execution & Signatures | Acknowledgments, signature blocks, copy delivery |
Core Workflow
Step 1 — TILA Disclosure Box
Heading: "FEDERAL TRUTH IN LENDING DISCLOSURES" — bold, ≥2pt larger than body, visually segregated, page 1 before all other terms.
Use these exact Reg Z labels:
| Label (verbatim) | Content |
|---|
| "Annual Percentage Rate (The cost of your credit as a yearly rate)" | Actuarial/US Rule method; ≥2 decimals; accurate within ⅛ of 1% [VERIFY tolerance for transaction type] |
| "Amount Financed (The amount of credit provided to you or on your behalf)" | Net credit minus prepaid finance charges; include financed ancillary products |
|
