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#2222622 - 09/30/19 05:27 PM Open-end credit - Annual Fee
goingtoexperts Offline
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Joined: Jul 2006
Posts: 149
Scenario: The main body of a Personal Line of Credit marketing creative is generic in regards to product features. Within the disclosures is verbiage that states there is an annual fee of $50. Does that reference to the $50 annual fee within the disclosures trigger any additional disclosures?

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Marketing
#2222831 - 10/02/19 02:37 PM Re: Open-end credit - Annual Fee goingtoexperts
goingtoexperts Offline
100 Club
Joined: Jul 2006
Posts: 149
Question from a broader perspective. Is stating the annual fee for a non-home equity line of credit within an advertisement (either the main body of the advertisement or the fine print) trigger full disclosures as required under 1026.16(d)(1)?

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