§ 617.7120. How should a qualified lender present the disclosures to a borrower?
64 words·~1 min read·
/us/cfr/t12/s§ 617.7120·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A qualified lender must:
(a)Disclose the effective interest rate and other information required by subparts B and C of this part clearly and conspicuously in writing, in a form that is easy to read and understand and that the borrower may keep; and
(b)Not combine the disclosures with any information not directly related to the information required by §§ 617.7130 and 617.7135.