What kind of loans does TILA section 35 specifically address?

TILA section 35 is specifically focused on high-cost loans, which are those loans that exceed certain thresholds established by the legislation and pose greater risks to borrowers. This section mandates additional disclosures and protections for borrowers, reflecting the fact that these types of loans often carry higher interest rates and fees compared to standard loans.

The intention behind these regulations is to ensure that borrowers are fully informed about the terms, costs, and potential consequences of entering into a high-cost loan agreement. This includes providing clear information on the loan's terms, the borrower's rights, and a broader explanation of what constitutes a high-cost loan, which may involve the total points and fees charged by the lender.

Other types of loans mentioned, such as low-interest, adjustable-rate, and short-term loans, do not specifically receive the same focus and protective measures under TILA section 35, as they don’t fall into the high-cost category defined by the Act.