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#1836202 - 07/24/13 10:13 PM Reg. Z Ad Triggers - Loan Term
Wonderofitall Offline
100 Club
Joined: Sep 2010
Posts: 198
Out West
Internal bank flyer reads "...available up to 4 years...". Based upon 1026.24(d)'s mention of repayment period as a triggering term, and the commentary's explanation, I believe the phrase triggers additional disclosures. What say you?

Last edited by Wonderofitall; 07/24/13 10:14 PM.
You're never too old to learn something stupid.

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Lending Compliance
#1836222 - 07/25/13 01:05 AM Re: Reg. Z Ad Triggers - Loan Term Wonderofitall
rlcarey Online
10K Club
Joined: Jul 2001
Posts: 82,124
Galveston, TX

2. Payment period. i. The number of payments required or the total period of repayment includes such statements as:

A. 48-month payment terms.

B. 30-year mortgage.

C. Repayment in as many as 36 monthly installments.
The opinions expressed here should not be construed to be those of my employer:

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