Readability Standards For "Clear and Conspicuous" Display

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Question:

Are there any specific size/readability requirements relative to disclosures for Member FDIC,Equal Housing Lender Logos, and, if applicable, disclosures relative to TISA or TILA on billboards? I'm having difficulty understanding what is meant by "clear and conspicuous standards" and am interested in knowing if there are standards for the readability of these disclosures? Is there an industry practice relative to inches of fonts (regardless of the size of the billboard)?

Answer:

I am aware of no point size limitations on any disclosure except the "Schumer box" disclosure of the APR for credit cards. Obviously, required items can be reduced to the point where the message is lost and examiners will declare that the disclosure was, in effect, not given.

First published on BankersOnline.com 05/22/06