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#101978 - 07/30/03 05:18 PM Closed End Mtg Ad Triggered Terms

in §226.24(C)(1), it states that the triggerING term of "downpayment" is limited to credit sales transactions by definition. Does this also apply to §226.24(C)(2)when "downpayment is the triggerED term?


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Lending Compliance
#101979 - 07/30/03 05:34 PM Re: Closed End Mtg Ad Triggered Terms
Richard Insley Offline
10K Club
Richard Insley
Joined: Oct 2000
Posts: 10,158
Toano, VA
Yes, the "disclose as applicable" rule comes into play.
...gone fishing.

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