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#195054 - 05/28/04 01:07 PM Newspaper quoting rates for multiple banks
Compliance Buzz Offline
Gold Star
Joined: Feb 2002
Posts: 319
NJ
Are banks under any regulatory burdon when a newspaper quotes loan rates (or other deposit rates) in a comparison-type table, such as "Today's Local Mortgage Rates?" The rate info can be gathered by calling the bank directly or possibly visiting the bank's website.
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Lending Compliance
#195055 - 05/28/04 01:18 PM Re: Newspaper quoting rates for multiple banks
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,363
Galveston, TX
No
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#195056 - 05/28/04 01:20 PM Re: Newspaper quoting rates for multiple banks
BankerMama Offline
Diamond Poster
BankerMama
Joined: Jun 2001
Posts: 1,543
It's always been my understanding that you don't have to worry about these.

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#195057 - 05/28/04 10:05 PM Re: Newspaper quoting rates for multiple banks
Richard Insley Offline
10K Club
Richard Insley
Joined: Oct 2000
Posts: 10,180
Toano, VA
If you pay for the listing, yes. Otherwise, no.
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