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#1764514 - 12/06/12 03:12 PM Is APR required to be disclosed?
Rdy2Retire Offline
100 Club
Joined: Dec 2004
Posts: 117
GA Mountains
Marketing wants an ad to contain something similiar to the following: Dont be left behind. Get your mortgage while rates are still under 4%. Is an APR required to be disclosed?

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Marketing
#1764540 - 12/06/12 03:37 PM Re: Is APR required to be disclosed? Rdy2Retire
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 79,339
Galveston, TX
Yes, the only rate you can advertise is an APR. A simple annual rate can be optionally added, Refer to 1026.24(c).
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