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#2139804 - 07/27/17 07:40 PM Advertising a Business Loan
ComplianceGurl, CRCM Offline
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Joined: Jul 2007
Posts: 497
When advertising a special limited rate for a business loan do the rules for "promotional rates" come into play?
Thank you!
Last edited by ComplianceGurl; 07/27/17 07:44 PM.
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#2140094 - 07/28/17 07:05 PM Re: Advertising a Business Loan ComplianceGurl, CRCM
David Dickinson Offline
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David Dickinson
Joined: Nov 2000
Posts: 18,762
Central City, NE
Reg Z doesn't apply to business loan promotions.
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#2140139 - 07/29/17 12:05 AM Re: Advertising a Business Loan ComplianceGurl, CRCM
Rocky P Online
Power Poster
Joined: Jun 2003
Posts: 7,379
Florida
Agree - start off with the exemptions - 1026.3. If a loan is exempt from Z, it's exempt from all parts.
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#2140145 - 07/29/17 01:08 PM Re: Advertising a Business Loan ComplianceGurl, CRCM
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 78,965
Galveston, TX
Unfair and deceptive practices are not just for consumers. You need to do what you think is right from the potential customer's viewpoint. Since you asked, I assume you think there is something deceptive about the proposed approach.
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