Answer by Dan Persfull, BOL Guru Guru Bio
Question: Is it true that if you have an underdisclosed TIL by more than $100 and it's only due to prepaid interest, it is not considered a violation?
Answer: No. 226.22(a)(4)(i) The rate results from the disclosed finance charge; and(ii) (A) The disclosed finance charge would be considered accurate under §226.18(d)(1); or 226.18(d)(1)(i): is understated by no more than $100.
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