When advertising a special limited rate for a business loan do the rules for "promotional rates" come into play?
Thank you!
Posted By: David Dickinson
Re: Advertising a Business Loan - 07/28/17 07:05 PM
Reg Z doesn't apply to business loan promotions.
Posted By: Rocky P
Re: Advertising a Business Loan - 07/29/17 12:05 AM
Agree - start off with the exemptions - 1026.3. If a loan is exempt from Z, it's exempt from all parts.
Posted By: rlcarey
Re: Advertising a Business Loan - 07/29/17 01:08 PM
Unfair and deceptive practices are not just for consumers. You need to do what you think is right from the potential customer's viewpoint. Since you asked, I assume you think there is something deceptive about the proposed approach.