Which Federal law regulates the advertisement of a lender's credit terms?

The Truth in Lending Act (TILA), also known as Regulation Z, is the federal law that specifically regulates the advertisement of a lender's credit terms. This act was enacted to promote informed use of consumer credit by requiring disclosures about its terms and costs.

TILA aims to ensure that borrowers are not misled and can make informed decisions by providing them with clear information regarding interest rates, fees, and payment conditions. Advertisements that include any specific credit terms (such as the annual percentage rate, the terms of repayment, or late payment fees) must also disclose additional information to ensure transparency.

In contrast, the other options address different aspects of lending and housing. The Fair Housing Act focuses primarily on preventing discrimination in housing based on race, color, religion, sex, national origin, family status, or disability. The Equal Credit Opportunity Act is concerned with ensuring that all consumers are given equal access to credit without discrimination based on these same factors. The Real Estate Settlement Procedures Act (RESPA) deals with the disclosures of settlement costs and the servicing of loans but does not specifically regulate advertising credit terms. Thus, the Truth in Lending Act is the most appropriate answer regarding the regulation of advertisements for a lender's credit terms.