Is Vendor's Single-Interest insurance (VSI) considered a finance charge?
I have tried to contact both Mastercard and Visa and I still don't know. Can I charge a fee for processing a non-customer's cash advance from their credit card?
For consumer residential mortgage loans, is redisclosure required when the finance charge is understated by more than the allowed amount on the initial TIL due to a change of circumstance, such as the loan amount changes?
Can a merchant charge a fee, or require a minimum transaction amount, when their customer chooses to pay with a credit/debit card?
What is the difference between a TIL and GFE?
With the recent changes to Reg Z, have there been any changes/additions to the "trigger terms"?
Our bank would like to start charging an overdraft percentage on accounts that remain overdrawn for an extended amount of time. What stipulations are there to doing this?
Our mortgage department wants to run an ad stating "Free Appraisal for purchase loans closed between Jan 1 and June 30, 2010. Valued up to $400 for any home purchase." Is this considered a triggering term? I tend to believe it is, since the rule says "the amount of any finance charge", but I'm just not 100% sure. Any thoughts?
We are currently advertising that we have no closing costs associated with our HELOC products. Is it true that as of October 1, 2009, if we continue to advertise no closing costs this becomes a trigger term and requires additional disclosures? If so, what additional disclosures are required?
When advertising a fixed rate mortgage with no points, does the rate need to be stated or can we just state the APR?