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#993703 - 07/11/08 06:02 PM Equal Housing logo on AD to sell bank MFH repos
Many Hats Offline
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Joined: May 2008
Posts: 915
Orlando, FL
We are placing an AD in the local paper to try and sell some MFH's we took in reposession. We are not advertising anything about financing. It simply say "Bank owned manufactured homes for sale (year, make, price), call for more information."

Our compliance consultant recommended we put the equal housing lender logo on the AD, but we have nothing in the AD that triggers any kind of disclosures. Is it necessary to put it on the AD? I am just afraid that by putting it on the AD, it makes the assumption that we are offering financing of some kind & that is not the intent of the AD at all.

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Lending Compliance
#993752 - 07/11/08 06:59 PM Re: Equal Housing logo on AD to sell bank MFH repos Many Hats
RR Joker Offline
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RR Joker
Joined: Nov 2002
Posts: 20,644
The Swamp
If you are not advertising a loan product, you do not need it.
_________________________
My opinion only. Not legal advice.

Say you'll haunt me - Stone Sour

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#993809 - 07/11/08 07:34 PM Re: Equal Housing logo on AD to sell bank MFH repos RR Joker
Many Hats Offline
Platinum Poster
Joined: May 2008
Posts: 915
Orlando, FL
That's what I thought....have a fabulous weekend! Thanks!

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