banker-12
Diamond Poster
Joined: May 2007
Posts: 1,240
There are no triggering terms requirements if an ad includes only the required down payment on a closed-end home loan, correct? It's a general loan ad advertising the down payment - "10% down payment required".
...so this additional disclosure could only be a triggering term if your "closed-end home loans" were self-financed sales of homes from foreclosed mortgage loans.