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#2243820 - 10/08/20 07:45 PM Disclosure of Lowest/Highest Loan Product Rate
hsbs Offline
Junior Member
Joined: Feb 2020
Posts: 26
Hello,

On a personal loan product posted on our website, do we have to disclose the lowest and/or highest rate (range) of the loan? Do we have to show a starting rate at all? Or a maximum rate/CAP at all? What are the regulations on displaying/disclosing the rate to prospect applicants on our webpage?

Thank you to anyone that can offer some guidance on this topic.

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Lending Compliance
#2243829 - 10/08/20 10:41 PM Re: Disclosure of Lowest/Highest Loan Product Rate hsbs
Richard Insley Offline
10K Club
Richard Insley
Joined: Oct 2000
Posts: 10,179
Toano, VA
Online rateboards are subject to Regulation Z's rules for advertisements. See Section 1026.24 (closed end) and 1026.16 (open end).
_________________________
...gone fishing.

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#2243995 - 10/13/20 09:21 PM Re: Disclosure of Lowest/Highest Loan Product Rate Richard Insley
hsbs Offline
Junior Member
Joined: Feb 2020
Posts: 26
Thank you, Richard.

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