We are considering a automobile refinance promotion and would like to offer new borrowers who get a loan a $50 gas card. Can we do that? If so, are there any disclosure requirements, etc. that we need to be mindful of?
Just as a note, we will still charge our typical $195 loan fee. If we do this, do we have to offer the borrower the choice between a $50 gas card or $50 off the loan fee?