What type of loans are covered under Regulation Z?

Regulation Z, which implements the Truth in Lending Act, covers all consumer loans that are secured by a dwelling. This includes a wide range of loan types, such as mortgages, home equity lines of credit, and other home-secured loans. The regulation is designed to ensure that consumers are provided with clear and comprehensive information about the costs and terms of these loans before they enter into a borrowing agreement, fostering transparency in the lending process.

By specifically encompassing all loans secured by a dwelling, Regulation Z aims to protect consumers from deceptive practices and to ensure they can make informed financial decisions regarding their home equity and other related loans. This scope allows Regulation Z to address a variety of consumer credit issues, promoting fair lending and responsible borrowing.

The other options do not fully encompass the breadth of loans covered by Regulation Z. For example, conventional loans represent just one type of loan that may be covered, while business loans are outside the scope of Regulation Z since the regulation is focused on consumer credit. Similarly, limiting coverage to loans over a specific dollar amount would exclude numerous low-amount loans that are also important for consumer protection. Thus, the correct choice fully captures the regulation's intent and application in protecting consumer borrowers.