The Law Dictionary

TRUSTOR

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

A word occasionally, though rarely, used as a designation of the creator, donor, or founder of a trust. See grantor. … [Read more...]

TRUTH

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

The actual state of things. 2. In contracts, the parties are bound to toll the truth in their dealings, and a deviation from it will generally avoid the contract; Newl. on Contr. 352-3; 2 Burr. 1011; 3 Campb. 285; and even concealment, or suppressio veri, will be considered fraudulent in the contract of insurance. 3. In giving his testimony, a witness is required to tell the … [Read more...]

TRUTH IN LENDING ACT (TILA)

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

A federal law requiring adequate disclosure for consumer protection purposes. It requires credit card and charge card companies to disclose interest rates and other information about an account and all other information fairly so that it can be reasonably understood by consumers. Disclosures required include the terms of a loan, the total amount and interest rate of a loan, the … [Read more...]

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