|
|
|
 |
Equal Housing Lender Logo
by John Burnett, BOL Guru
Guru Bio
Question: The Q&A below in the InfoVault caught my attention. Where would I find the exemption for use of the EHL logo for national banks?
Question: I am trying to find the required disclosures to include the following message on exterior signage "100% Financing Available, Low Down Payments and No Hidden Fees." Can you help?
Answer: I don't believe any of the information provided in this signage triggers further disclosures. Refer to §226.16 of Reg Z (for open-end credit advertising requirements) and §226.24 (for closed-end credit advertising requirements). If this is a home loan promotion, you do need to include the Equal Housing Lender logo (unless your institution is regulated by the OCC).
Answer: You won't. The other banking regulators have requirements for the use of the Equal Housing Lender (or Equal Opportunity Lender) logos. The OCC does not.
First published on BankersOnline.com 12/03/07
Privacy Policy Disclaimer Recommend This Site ! Contact Us
BankersOnline is a free service made possible by the generous support of our advertisers and sponsors. Advertisers and sponsors are not responsible for site content. Please help us keep BankersOnline FREE to all banking professionals. Support our advertisers and sponsors by clicking through to learn more about their products and services.
|
|
|
|
Print Friendly!
Email This Article!
Discuss NOW!