What information is NOT required in the Federal Box of TILA disclosures?

The interest rate of the loan is indeed a critical component of the TILA disclosures and is explicitly required to be included in the Federal Box. This box provides essential information to borrowers regarding the cost of credit, ensuring transparency in the lending process.

The total finance charges incurred, the mandatory statement for borrowers, and the total payments calculated for the life of the loan are all required elements that help borrowers understand the full implications of the loan they are considering. These disclosures are designed to standardize the information provided to consumers, allowing them to compare different loan offers effectively.

Understanding what's included in these disclosures is vital for compliance with TILA and for ensuring that consumers are fully informed before committing to a loan.