Hello!
I have recently been asked an advertisement/marketing question, and I am struggling to find relevant regulation guidance and was hoping to find some help here.
The marketing committee has decided they would like to do give out promotional items for those who open new accounts with us, including loan accounts. I found all the Truth in Savings rules in 12 C.F.R 103 regarding bonuses on opening new deposit accounts but was unable to find something similar in the Truth in Lending Regulation. Do loan accounts still follow the bonus rules laid out in Truth in Savings?
Thanks for your time!