True or False: Reg Z mandates lenders to provide clear disclosure of fees associated with loans.

Regulation Z, also known as the Truth in Lending Act (TILA), requires lenders to provide clear and comprehensive disclosures regarding the terms and costs of loans. This includes a specific obligation to disclose all applicable fees associated with a loan, ensuring that borrowers have a complete understanding of what they will be paying. The intent of Regulation Z is to promote transparency and enable consumers to make informed decisions about borrowing, thereby preventing predatory lending practices.

The requirement for clear disclosure applies to a wide range of lending scenarios, not only certain types of loans or specific lenders. By mandating such disclosures, Regulation Z helps to create a more equitable lending environment where consumers can accurately compare loan options and understand the true cost of borrowing.