| name | consumer-loan-agreement |
| title | Consumer Loan Agreement |
| description | Drafts a TILA-compliant U.S. consumer loan agreement with Regulation Z federal disclosure box, APR/finance charge calculations, payment schedules, default provisions, and required consumer notices. Applies 15 U.S.C. § 1601 et seq. and 12 CFR Part 1026. Use when drafting consumer installment loan agreements, personal loan contracts, or any consumer credit transaction requiring federal disclosure compliance. |
| author | CaseMark |
| author_url | https://github.com/CaseMark/skills/tree/main/skills/legal/consumer-loan-agreement |
| license | Apache-2.0 |
| version | 0.1.0 |
| execution_mode | open |
| jurisdiction | us |
| practice | finance |
| language | en |
| tags | ["transactional","regulatory","agreement","drafting"] |
Consumer Loan Agreement
Produces an execution-ready consumer loan agreement with a Reg Z–compliant federal disclosure box and full contractual provisions for fixed-rate consumer credit.
Quick Start
Collect before drafting:
- Lender — legal name (including DBA), address, contact info
- Borrower(s) — full legal name(s), addresses; co-borrower/guarantor if any
- Loan economics — principal, interest rate, term, payment frequency, first payment date
- Fee schedule — all charges imposed as condition of credit (origination, points, doc prep, service charges)
- Collateral — description with identifiers (VIN/serial/legal description) if secured; confirm if unsecured
- Governing state — for usury caps, prepayment penalty rules, cure periods, deficiency judgment limits
- Co-signer/guarantor — triggers FTC co-signer notice (16 CFR Part 444)
Output Structure
1. Federal Truth in Lending Disclosure Box
Place first on page one. Visually segregated (border/shading), heading bold ≥12pt, body ≥10pt. Use Reg Z–prescribed labels verbatim — never paraphrase.
| Reg Z Label | Requirements |
|---|
| Annual Percentage Rate — The cost of your credit as a yearly rate | ≥2 decimal places; actuarial or U.S. Rule method; tolerance ±⅛% regular, ±¼% irregular (12 CFR § 1026.22) |
| Finance Charge — The dollar amount the credit will cost you | Total interest + all fees as condition of credit; itemize major components |
| Amount Financed — The amount of credit provided to you or on your behalf | Principal minus prepaid finance charges |
| Total of Payments — The amount you will have paid after making all scheduled payments | Amount Financed + Finance Charge |
| Payment Schedule — Your payment schedule will be | Uniform: count × amount × frequency. Irregular/balloon: full date-and-amount table |
Math check: Amount Financed + Finance Charge must equal Total of Payments. Recalculate APR if any fee or term changes.
2. Loan Terms and Conditions
Loan purpose: Include if required by state or for regulatory classification — "This loan is extended for personal, family, or household purposes."
