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#1899395 - 02/24/14 06:57 PM Business Loan Advertising Compliance
ComplianceGurl, CRCM Offline
Platinum Poster
Joined: Jul 2007
Posts: 501
Hello,
If a rate and term are stated when advertising a business agricultural loan, do we also need to disclose an APR and monthly payment? Or does that just apply to Reg Z?
Thank you!

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#1899419 - 02/24/14 07:28 PM Re: Business Loan Advertising Compliance ComplianceGurl, CRCM
Kathleen O. Blanchard Offline

10K Club
Kathleen O. Blanchard
Joined: Dec 2000
Posts: 21,293
There is no APR for business purpose loans unless you are covered by a state law with such a requirement.
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Kathleen O. Blanchard, CRCM "Kaybee"
HMDA/CRA Training/Consulting/Mapping
The HMDA Academy
www.kaybeescomplianceinsights.com

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#1900498 - 02/27/14 01:31 PM Re: Business Loan Advertising Compliance ComplianceGurl, CRCM
ComplianceGurl, CRCM Offline
Platinum Poster
Joined: Jul 2007
Posts: 501
Thanks Kathleen!!

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