Truth in Lending: 6.7.10 Disclosure of the Closing Date and Outstanding Balance at the End of the Period
TILA and Regulation Z require disclosure of the amount of the outstanding balance as of the closing date of the billing cycle.1563 Regulation Z also requires disclosure of the actual closing date.1564 For non-home-secured accounts, the disclosure of the outstanding balance must be grouped together with the disclosures of the due date, late-payment fee and penalty rate, minimum payment due, and minimum payment warning.1565