<P> Subpart B relates to open - end credit lines (revolving credit accounts), which includes credit card accounts and home - equity lines of credit (HELOCs). </P> <P> Subpart C relates to closed - end credit, such as home - purchase loans and motor vehicle loans with a fixed loan term . It contains rules on disclosures, treatment of credit balances, annual percentage rate calculations, right of rescission, non requirements, and advertising . </P> <P> Subpart D contains rules on oral disclosures, Spanish language disclosure in Puerto Rico, record retention, effect on state laws, state exemptions (which only apply to states that had Truth in Lending - type laws prior to the Federal Act), and rate limitations . </P> <P> Subpart E contains special rules for mortgage transactions . </P>

Who does the truth in lending act apply to