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#321477 - 02/24/05 04:41 PM 0% Intro
M&M Offline
Platinum Poster
Joined: Nov 2003
Posts: 527
I know I'm missing this somewhere. Where in the reg does is detail what needs to be disclosed when we state 0% intro APR for 6 months? I know we need the range of the APR, the fact that it is variable, the min finance charge, the cash advance fee and to what balances the intro rate applies. I've looked in 5a, 6 and 16... This piece is a buckslip to pass out at branches.

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#321478 - 02/24/05 07:43 PM Re: 0% Intro
beaten blind Offline
Gold Star
Joined: Oct 2003
Posts: 473
the Bat Cave
16(b) Advertisement of terms that require additional disclosures.

6. Discounted variable-rate plans—disclosure of the annual
percentage rates. The advertised annual percentage rates for
discounted variable-rate plans must, in accordance with comment
6(a)(2)–10, include both the initial rate (with the statement of
how long it will remain in effect) and the current indexed rate
(with the statement that this second rate may vary). The options
listed in comment I6(b)–5 may be used in disclosing the current
indexed rate.

(from the commentary to Reg Z)

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#321479 - 02/24/05 09:53 PM Re: 0% Intro

Thanks! I was in the commentary, but I must have overlooked it.

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