Current through October 31, 2024
Section 617.7120 - How should a qualified lender present the disclosures to a borrower?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 .