Try Para
← All workflows

Consumer Loan Tila

Draft TILA-Compliant Loan Agreements in Minutes

12 minutes with Para

Explore this workflow

Get started with Para

Para is an AI colleague for legal teams. Send it this work by email, Teams or Slack, and it hands back the finished document.

12 minutes with Para

What you'll need

  • Loan Term Sheet
  • Borrower and Lender Information

Plans from $20 a month, with usage included.

Workflow

Overview

CaseMark's Consumer Loan TILA skill automates the drafting of Truth in Lending Act-compliant consumer loan agreements with properly formatted Regulation Z disclosure boxes, APR and finance charge calculations, and enforceable contractual terms. It supports both secured and unsecured consumer credit transactions, generating complete agreements from term sheets and borrower information in a fraction of the time required for manual drafting.

Drafting TILA-compliant consumer loan agreements is painstaking work that demands precise regulatory formatting, accurate financial calculations, and careful attention to federal and state disclosure requirements. A single formatting error in the Regulation Z disclosure box or an APR calculation outside tolerance can expose lenders to statutory damages, rescission rights, and regulatory enforcement actions. Legal teams spend hours on each agreement ensuring every label, calculation, and notice meets the exacting standards of the Truth in Lending Act.

CaseMark automates the entire consumer loan agreement drafting process, generating properly structured TILA disclosure boxes, comprehensive loan terms, and all required notices from your term sheet inputs. The AI applies Regulation Z formatting requirements, includes the exact statutory labels mandated by federal law, and produces a complete agreement architecture from disclosures through execution blocks. Attorneys can review, verify calculations, and customize provisions rather than building documents from scratch.

How to hand this to Para

  1. 1. Send Para the files

    Email them, drop them in a Teams or Slack message, or upload them.

  2. 2. Para runs the Consumer Loan Tila skill

    It works from your files and checks its citations against the record.

  3. 3. The finished document comes back

    Para returns it where you asked, usually as a DOCX, and offers the next step.

Example request · email, Teams or Slack
Para, run the Consumer Loan Tila skill for the Garcia matter. I've attached the Loan Term Sheet and Borrower and Lender Information. Send the finished draft back here as a DOCX.

What Para does

  1. 1. Upload your loan term sheet, borrower/lender details, and any collateral documentation
  2. 2. AI generates a complete TILA-compliant loan agreement with Reg Z disclosure boxes and calculated finance terms
  3. 3. Review and customize provisions, verify APR tolerances, and adjust state-specific notices
  4. 4. Export the finalized agreement in your preferred format (DOCX, PDF)

What you get

  • Federal Truth in Lending Disclosures Box

  • Loan Terms and Conditions

  • Default, Acceleration, and Remedies

  • Insurance and Payment Application

  • Special Notices (SCRA, FTC, State-Specific)

  • Execution and Signature Blocks

What it handles

  • Auto-generated TILA Disclosure Box with exact Regulation Z labels and formatting

  • APR and finance charge calculations with regulatory tolerance verification

  • Comprehensive default, acceleration, and remedies provisions

  • Secured and unsecured loan support with collateral documentation

  • State-specific notices, SCRA compliance, and FTC co-signer warnings

  • Payment waterfall and force-placed insurance provisions

Required documents

  • Loan Term Sheet

    Summary of loan terms including principal amount, interest rate, term length, payment frequency, and all applicable fees

    .pdf, .docx, .xlsx

  • Borrower and Lender Information

    Full legal names, addresses, entity information, and regulatory filings for all parties to the transaction

    .pdf, .docx

Supporting documents

  • Collateral Documentation

    Vehicle information (make/model/VIN) or real property legal descriptions for secured loans

    .pdf, .docx

  • Ancillary Product Elections

    Credit insurance or debt protection product selections and terms

    .pdf, .docx

  • State-Specific Requirements

    Applicable state lending regulations, required notices, or institutional compliance guidelines

    .pdf, .docx

Why teams use it

Eliminate hours of manual formatting by auto-generating TILA disclosure boxes with exact Regulation Z labels and required visual formatting

Reduce compliance risk with built-in Reg Z structure, SCRA provisions, FTC co-signer notices, and state-specific disclosure templates

Accelerate loan closings by producing complete, execution-ready agreements from basic term sheet inputs

Maintain consistency across your loan portfolio with standardized provisions for default, remedies, payment application, and insurance requirements

Questions

Does this generate the mandatory Regulation Z disclosure box?

Yes. CaseMark automatically generates the Federal Truth in Lending Disclosures box with all required Reg Z labels, including Annual Percentage Rate, Amount Financed, Finance Charge, and Total of Payments. The disclosure box is formatted to appear prominently on page one as required by regulation.

Can it handle both secured and unsecured consumer loans?

Absolutely. CaseMark supports both secured and unsecured consumer credit transactions. For secured loans, it generates appropriate collateral descriptions, insurance requirements, and force-placed coverage provisions tailored to the asset type.

How does CaseMark handle state-specific compliance requirements?

CaseMark incorporates state-specific notice clauses, jurisdictional restrictions, and required disclosures based on the applicable state law. You should always verify the output against current state regulations, as requirements vary and change frequently.

Does the AI calculate APR and finance charges automatically?

CaseMark generates the APR and finance charge fields based on the loan terms you provide, using the actuarial/US Rule method with the required decimal precision. However, you should independently verify all calculations to ensure they fall within the ⅛ of 1% tolerance mandated by Regulation Z.

What about co-borrower and guarantor provisions?

CaseMark includes provisions for co-borrowers and guarantors, along with required FTC co-signer notices. The generated agreement includes appropriate signature blocks and acknowledgment language for all parties to the transaction.

Can I customize the default and remedies provisions?

Yes. CaseMark generates comprehensive default, acceleration, and remedies sections that you can fully customize. The AI drafts cure rights, lender remedies, and acceleration clauses that you can tailor to your institution's policies and applicable law.

Related

Access and Indemnity Agreement (Due Diligence)

Draft Property Access Agreements in Minutes with AI

Access Indemnity Agreement

Draft Access & Indemnity Agreements in Minutes

Ad Fund Agreement

Draft Ad Fund Agreements in Minutes, Not Hours