According to Regulation Z, is the disclosure of down payment and total sale price required?

The disclosure of down payment and total sale price is indeed required under Regulation Z, which is part of the Truth in Lending Act (TILA). This regulation aims to promote informed use of credit by ensuring that consumers receive clear and consistent information about the costs and terms of credit products. By requiring the disclosure of both the down payment and the total sale price, Regulation Z helps consumers understand the financial implications of a credit transaction, allowing them to make informed decisions. This requirement is crucial for transparency and consumer protection in lending practices, ensuring that individuals know exactly what they are committing to when engaging in a sale that involves financing.