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Error Resolution Notice Required for Coupon Book?

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Question: 
Currently, we provide our borrowers with a coupon book for auto and personal loans. Are we required to provide an error resolution notice with these?
Answer: 

Error resolution notices are an open-end loan requirement and would not apply to closed-end vehicle and personal loans. So, nothing at the Federal level. You would have to check State law.

First published on 01/10/2021

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