Which regulation is known for enforcing the requirements of TILA?

The correct answer is Regulation Z, as it is specifically designed to implement the Truth in Lending Act (TILA). TILA was established to promote informed consumer credit decisions by requiring clear disclosure of key terms and costs associated with consumer credit, including mortgages. Regulation Z outlines the necessary disclosure requirements, advertising rules, and certain practices that lenders must follow to ensure consumers are fully informed of the terms of their loans.

The focus of Regulation Z is not only on disclosures but also on protecting consumers from deceptive practices related to borrowing, ensuring that they receive important information in a way that is understandable. This regulation plays a crucial role in the mortgage industry by ensuring that borrowers are aware of their rights and the total costs of borrowing, fostering transparency and accountability amongst lenders.

While other regulations, like Regulation C, D, and E, address distinct aspects of financial transactions (such as Home Mortgage Disclosure Act requirements, exemptions for small businesses and commercial loans, and electronic fund transfers, respectively), they are not centered around the requirements set forth in TILA. Therefore, Regulation Z stands out as the regulation that enforces TILA requirements, making it the correct answer in this context.