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Disclosing Pre-payment Penalities in HE Loan Ads

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Question: 
Is it imperative to disclose pre-payment penalties in home equity loan advertisements?
Answer: 

Unless you have a state law requirement to deal with, there is no requirement that pre-payment penalties be disclosed in such an advertisement.

First published on BankersOnline.com 12/05/05

First published on 12/05/2005

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