From THE WASHINGTON POST By David H. Webber, professor at the Boston University School of...
Truth in Lending Act No. 3765
(enacted in 1963)
Truth in Lending Act No. 3765 of 1963 requires creditors in the Philippines to furnish their borrowers with clear written statements regarding the amount, interest and other finance charges related to borrowersâ loans prior to the consummation of transactions with borrowers.