Practice Of Real EstateAdvertising_regulationsMEDIUM
A mortgage lender's newspaper ad reads 'Low interest rates available!' without mentioning any specific rate, payment amount, or down payment. Does this ad trigger Regulation Z disclosure requirements?
Correct Answer
C) No, because general terms like 'low interest rates' without specific credit terms are not trigger terms
General statements about low rates without specifying a specific rate, payment amount, down payment, or number of payments are not trigger terms under Regulation Z and therefore do not require additional disclosures.
Answer Options
A
Yes, because any mention of interest triggers full disclosureB
Yes, because the word 'low' is a trigger termC
No, because general terms like 'low interest rates' without specific credit terms are not trigger termsD
No, because newspaper ads are exempt from Regulation ZWhy This Is the Correct Answer
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Why the Other Options Are Wrong
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