What regulation outlines specific requirements that a lender must follow under the Truth-in-Lending Act?

The Truth-in-Lending Act (TILA) is primarily implemented by Regulation Z, which is designed to promote informed use of consumer credit by requiring disclosures about its terms and cost. Regulation Z establishes specific guidelines for lenders regarding the information they must disclose to borrowers, including the Annual Percentage Rate (APR), finance charges, and other related terms in a clear and conspicuous manner. This regulation aims to protect consumers from misleading practices and ensure that they have the necessary information to compare credit offers effectively.

Regulation Y pertains to the regulation of certain financial institutions and does not directly address the requirements of TILA. Regulation X focuses on the Real Estate Settlement Procedures Act (RESPA), which governs disclosures related to real estate transactions, rather than consumer credit disclosures mandated by TILA. Regulation A generally pertains to exemptions for certain types of securities offerings, which is unrelated to the Truth-in-Lending Act.

Thus, Regulation Z is the correct answer as it specifically outlines the requirements lenders must adhere to under the Truth-in-Lending Act, ensuring that consumers are fully informed about their credit obligations.