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#1359171 - 03/17/10 05:30 PM Lobby poster
Kwiltr Offline
100 Club
Joined: Dec 2002
Posts: 132
Is it acceptable to have a sign in the lobby that reads "Home Equity Line of Credit. No Closing Costs! Ask Us For Details" along with the Equal Housing Lender Logo? Does stating 'no closing costs' trigger additional disclosures due to the negative statement relating to other charges that may be imposed?

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Lending Compliance
#1359242 - 03/17/10 06:25 PM Re: Lobby poster Kwiltr
ahou Offline
Power Poster
ahou
Joined: Aug 2002
Posts: 3,094
Yes, it triggers additional disclosures.
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#1359289 - 03/17/10 07:10 PM Re: Lobby poster ahou
Kwiltr Offline
100 Club
Joined: Dec 2002
Posts: 132
Thanks!

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