State law that impose responsibilities on banks offering consumer credit, or that require such institutions or consumers to follow certain procedures, or that grant rights to consumers or banks in consumer credit contracts:
- May be preempted by the TILA;
- May be appropriate under state law and not preempted by the TILA; or
- May be substituted in lieu TILA and Regulation Z requirements.
The TILA does not preclude preemption of state law by other federal statues, such as the National Bank Act.[i]